India’s stock market has had such a good few years that it started to raise concerns about whether it was in a “bubble”. And as it’s come under pressure recently, some have speculated that the bubble...

In this Focus, we construct a framework to explore the channels through which an import tariff works, which we use to answer key questions about the impact of Trump’s proposals for a 10% universal...

With the dust settling on Trump’s victory earlier this month, this Update takes stock of what has happened across currencies, bonds, and equities; the reasons for these moves; and what we think will...