World trade growth slowed in 2011 as economic activity faltered. There was a slight pick-up in the last quarter, which looks set to continue early this year, but we think trade is likely to remain...

The advanced economies have started the year strongly, led by the US, but the recovery is not secure. Growth could still be derailed by fiscal policy tightening, ongoing debt deleveraging, further...

The global fall-out from a long-anticipated Greek government default alone should be small and manageable, even if it takes the form of a “disorderly” default without the agreement of private...

Emerging Asia and Latin America should continue to grow relatively fast even if the euro-zone slides into prolonged recession, as long as the US avoids the same fate. The outlook for emerging Europe...