Manufacturing surveys for December suggest the US economy continued to resist the slowdown in Europe right up to the end of 2011. Although US growth is likely to slow this year, we expect this...

This year’s sizeable falls in most commodity prices have highlighted two points that have actually been clear for much longer but are still not yet acknowledged by many commentators. First, even if...

We broadly agree with the consensus view that most emerging economies will hold up well in 2012. But with the US set to slow and the euro-zone heading towards break-up, the path ahead is going to be...

November’s purchasing managers’ surveys suggest the euro-zone is sinking into an even deeper recession even while the US manufacturing sector has strengthened.