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Commentaries
May PMIs Show Rising Risk of Stagflation
May’s PMI releases for key global economies point to a broad-based loss of momentum in global activity. Purchasing manager confidence in many economies reached multi-year lows in composite or services indices and major economies in Europe registered significant downside surprises. At the same time, input cost pressures have reignited, reaching multi-year highs. Output price indexes remain elevated too, though some show slight moderation as companies appear to absorb some of the cost increases. T
May 21, 2026
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
As the conflict in the Middle East extends deeper into the year, this quarter's Q&A focuses on what it means for the global economy, inflation and interest rates. We also take a look at the risks creeping into private credit, job creation and where things stand on U.S. tariffs and the upcoming USMCA review. For Canada, we tackle whether various government policy initiatives can move the needle on investment and the struggling housing sector and potential economic impacts from the World Cup games
May 19, 2026
Latest Research
Global Inflation Update
The global energy price spike due to the Middle East conflict has driven a sharp pickup in headline inflation across advanced economies, with early signs that we will see this in emerging markets soon.
May 13, 2026
Latest Research
What Happens in Japan May Not Stay in Japan
Japan holds roughly $1.2 trillion in U.S. Treasuries, making it the largest foreign creditor of the U.S. government. For decades, near-zero domestic interest rates pushed Japanese savings abroad, creating a large, stable, long-duration investor base that helped anchor long-term yields well beyond Japan’s borders. That era is ending.
March 31, 2026
Updated Publications
Global Quarterly Economic Forecast
The Middle East conflict has not just lifted oil prices, but forecast uncertainty is even snaking its way into other areas like food security for some nations. The economic fallout hinges on duration. Our baseline outlook assumes a short-lived conflict, implying a temporary impact on inflation and growth; a prolonged escalation would materially worsen the global outlook.
March 17, 2026
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Updated Publications
Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
May 19, 2026
Updated Publications
Global Quarterly Economic Forecast
March 17, 2026
Updated Publications
Commodities Quick-Take
November 27, 2025
Updated Publications
G-7 Inflation Update: Energy Prices Erode Spending Power
May 20, 2022
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Updated Publications
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
May 19, 2026
Updated Publications
Global Quarterly Economic Forecast
March 17, 2026
Updated Publications
Commodities Quick-Take
November 27, 2025
Updated Publications
G-7 Inflation Update: Energy Prices Erode Spending Power
May 20, 2022
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Latest Research
Latest Research
Global Inflation Update
May 13, 2026
Latest Research
What Happens in Japan May Not Stay in Japan
March 31, 2026
Latest Research
For Japan, Fiscal Credibility and Nominal Growth
March 05, 2026
Latest Research
2026: Everything, Everywhere, All At Once... The Sequel!
February 26, 2026
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Latest Research
Global Inflation Update
May 13, 2026
Latest Research
What Happens in Japan May Not Stay in Japan
March 31, 2026
Latest Research
For Japan, Fiscal Credibility and Nominal Growth
March 05, 2026
Latest Research
2026: Everything, Everywhere, All At Once... The Sequel!
February 26, 2026
View more latest research
Commentaries
Commentaries
May PMIs Show Rising Risk of Stagflation
May 21, 2026
Commentaries
Escalating Middle East Tensions Jolt Oil Markets
March 02, 2026
Commentaries
Japan One to Watch After Historic Election
February 09, 2026
Commentaries
Japan's Bond Market Sell-Off Spreads to the World
January 20, 2026
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Commentaries
May PMIs Show Rising Risk of Stagflation
May 21, 2026
Commentaries
Escalating Middle East Tensions Jolt Oil Markets
March 02, 2026
Commentaries
Japan One to Watch After Historic Election
February 09, 2026
Commentaries
Japan's Bond Market Sell-Off Spreads to the World
January 20, 2026
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