Only a small part of the recent run-up in oil prices is due to the turmoil in Egypt. But whatever the reason for the latest jump in the cost of crude, the fragility of the global economic recovery and...

This week’s GDP releases confirm that global growth was stronger in Q2 than in Q1. However, growth at current rates will leave a lot of spare capacity and daunting debt burdens in many countries.

Changes in the rates of growth of emerging and advanced economies have prompted some commentators to suggest that advanced economies may soon return to being the main engine of global growth. But even...

In most advanced western economies the supply of labour is likely to be boosted by a rise in labour market participation during the coming year or two. This should help to prevent wage inflation...