Inflation has persistently exceeded the Bank of England’s 2% target since 2010. High inflation has an economic cost, but our Global Economic Model shows that had the Bank raised interest … more

The Spanish government has once again revised up its budget deficit forecast for 2013. The new Italian Prime Minister vowed to ease austerity. The ruling French Socialists fulminate against the … more

Earlier this month the ECB hinted at possible further monetary easing. Disappointing data releases since then make new measures all the more likely. Easier monetary stance would help lessen, and … more

A weaker yen is an intended part of the Bank of Japan’s policy to raise inflation to 2%. We think the policy will succeed in boosting growth, but the effects of currency depreciation on … more

Recent data have seen some wobbles, but there is a silver lining. Regional surveys suggest a slower pace of growth in the second quarter so far. But the surveys also indicate stronger future … more

We have drawn up a map of risk areas in the Eurozone, looking at a range of indicators spanning banking, fiscal and social issues. Several small countries have very large banking sectors, and some … more

London, UK: Oxford Economics’ (OE) published its findings from its study (commissioned by the Trans Adriatic Pipeline (TAP)) analysing the potential economic benefits that TAP could have … more