Fears of a widespread bubble in emerging markets look overdone, but there are growing signs that rapid capital inflows are stoking problems in several countries. We think the biggest risks lie in...

The recent fall in oil prices should help to stabilise global growth in the coming months. But prices would need to drop significantly more to offset other headwinds that will pick up further in 2012...

We continue to think that the markets are complacent about the potential implications of the crisis in Greece both for the rest of the euro-zone and the global economy as a whole. Greece still has the...