Business cycles in advanced economies have been exceptionally closely aligned in recent years because of the global financial crisis, but they are likely to become less so in future. Although a global...

Although the global economy appears to be strengthening, we think the unemployment rate in most advanced countries is likely to fall only gradually. This is because there is a lot of scope for a...

Business surveys point to a pick-up in global manufacturing activity in August. But while the recovery may gain further momentum in the coming months, it faces several headwinds, notably the...

Monetary conditions in the major advanced economies have remained exceptionally loose even as the Federal Reserve prepares to scale back QE3.