The latest data from major advanced economies typically show that unemployment rates are rising and pay pressures are easing. While wage growth is still too high for comfort in most cases, we suspect...

February’s manufacturing PMIs suggest that global industrial activity improved at the start of this year, but that activity in emerging markets continued to outperform that in advanced economies...

Although world goods trade rose in December, it wasn’t enough to change the fact that 2023 was one of the weakest years for trade in over 70 years, as we forecast a year ago. As for 2024, we expect a...

Larger government stimulus during the pandemic and a higher propensity to run down “excess savings” have contributed to particularly strong growth in the US. On the other hand, a significant terms of...