Some of the headwinds that restricted first-quarter GDP growth to a paltry 0.5% annualised will fade in the second half of this year. But barring a miracle second-quarter rebound, it appears that GDP...

As universally expected, the FOMC kept the fed funds target range unchanged at between 0.25% and 0.50% today, but left the door open to a second 25 basis point rate hike in June. With core inflation...

Although the current account deficit remains well below the peak reached in 2006, net external debt has soared to more than 40% of GDP, up from only 10% a decade ago. The external debt burden is still...

According to our calculations, economic growth slowed to only 0.8% annualised in the first quarter. (Data due on Thursday). That slowdown doesn’t worry us, however, even though economic growth has...