The major Western economies are in dire need of some good news soon to prevent a renewed slide into recession. The best hope is probably a further fall in oil prices and a sustained decline in long...

Emerging markets should continue to grow rapidly over the next few years but, in contrast to the view of most commentators, we doubt that this will be of much benefit to the developed world.

The recent slump in equity prices is not necessarily a forerunner of a collapse in economic activity. However, the impact of previous episodes of asset price weakness has typically been mitigated by a...

Despite benefiting from generally better fundamentals, no emerging market (EM) is immune from the deepening problems in the US and Europe. Growth everywhere is likely to slow over the next year and...