To some, the recent sell-off in global financial markets was merely the beginning of what will soon become a much bigger downturn, because the valuations of many assets remain excessively high...

We doubt the recent plunge in global equity prices will have a major bearing on the FOMC’s decision next month. Nonetheless, it may provide an excuse for the Committee to hold fire.

A slump of around 10% in the S&P 500 since 10th August is unlikely to mark the start of a bear market, which typically only occur in, and around, recessions. We are sticking with our forecast that the...

We have reviewed our key forecasts for developed markets in light of the renewed slump in China’s stock market and related panic. Despite the turmoil, for now we are retaining our existing forecasts...