Our model suggests that a USD10 pb oil price increase boosts the current account by USD15 billion.' The current level of oil prices, if maintained, wo

Sizable government credit guarantees boosted output growth this year. With the credit impulse weakening, output growth will likely slow down to 4% or

China and Saudi Arabia are key members of the so-called "Dollar block." Both have in recent years experienced large declines in official reserves. In

We expect China's CPI to be slightly higher, yet still contained in 2018, "¦ "¦ thanks to limited pass-through from PPI and slower growth of the money