April’s business surveys suggest that global growth is faltering again. With continued fiscal austerity only partly offset by looser monetary policy, we doubt that it will accelerate in the coming...

Japan’s adoption of a far more aggressive monetary policy stance early this month has left the ECB looking increasingly out of step with its peers.

Other than for some commodity exporters, the negative impact of lower growth in China on activity elsewhere should be fairly limited. What’s more, there are some offsetting positives including lower...

The exposure of errors in Reinhart and Rogoff’s paper on debt and growth does not affect our view that fiscal austerity will be a major drag on growth for some years to come, particularly in advanced...