The additional fiscal stimulus in the US and the ongoing credit boom in China have improved the near-term prospects for the global economy, but they do nothing to resolve the underlying imbalances...

We do not believe there is a bubble in government bonds. Bubbles are more likely to develop in emerging markets but are not yet widespread. Instead, our greatest concern is the high levels of...

One of the biggest risks facing the world economy is a lurch towards protectionism, culminating in a trade war between the US and China that would threaten to spill over to other countries. We expect...

A run of improving data from the US, Europe and Emerging Asia (especially China) has raised hopes that global growth is accelerating again after a temporary slowdown over the summer. Earlier fears of...