The recent strength of oil prices means that headline inflation may not decline as quickly as it would otherwise have done, but inflation in energy costs is still set to fall. What’s more, while oil...

Purchasing managers’ surveys for February suggest that, although activity has recovered from late- 2011, the global manufacturing recovery may be losing momentum already

Governments in most advanced economies have been tightening fiscal policy since 2010 and will continue to do so this year. Our best guess is that growth in 2012 will consequently be around 0.5...

Oil prices are still below the levels that would represent a serious threat to the global economic recovery. But even now Europe is significantly more vulnerable than the US, despite the higher...