The financial markets seem confident that the West can avoid the prolonged period of economic stagnation and price deflation that took hold of Japan in the 1990s. Looking back again at the Japanese...

Emerging markets have, on the whole, weathered the crisis in the global economy well. But 2010 will bring a fresh set of challenges. Overall, we think Asia is best placed to prosper, followed by Latin...

World trade volumes are now rising almost as sharply as they fell at the end of last year. The structure of trade also appears to have suffered little lasting damage from the financial crisis...

Soaring inventories and falling imports are strong signs that the supply of many industrial metals in China far exceeds final demand. Needless to say, this reinforces our scepticism about the current...