In this note, we examine the evolution of breakeven oil prices in the six GCC countries, Algeria, Iran, Iraq, Kazakhstan, and Russia. We expect extern
In a Global Macro Views in December we introduced BoP Nowcasts, "¦ which map commodity prices and capital flows into daily forecasts for the 2018 BoP.
Real GDP growth was strong in 2017, fueled in part by a sizable credit impulse.' This year, the credit impulse will likely be negative.' We forecast a
China's foreign exchange reserve recovered in 2017, after a decline of $1 trillion over two and half years. This was entirely due to the reversal of f
Global trade tensions are on the rise, "¦ reflecting persistent current account imbalances. The US current account translates into a 10% Dollar overva
Trade policy is becoming a key area of focus for the administration. We examine the adjustment in the US current account in recent years, looking t