The UK is now entering a period of significantly greater uncertainty as the political outlook has become more clouded.

The U.S. will likely face recession in the next five years. How should investors prepare?

The Fed’s “opportunistic tightening” campaign risks cementing inflation expectations below the target.

Why China’s yield curve became inverted and what it means for the economy.

Why falling commodity prices may not upend the EM rally.

May’s inflation weakness was broad-based across goods and services categories and will be more difficult for Fed officials to dismiss as a “one-off.”

The Fed hiked despite a spate of weak economic data.

While our baseline global forecast is relatively benign for Canadian growth over the secular horizon, we do highlight a number of risks that could cause external shocks to Canada’s small, open economy.

The yawning gap between emerging market (EM) and developed market (DM) fixed income yields highlights continued opportunity in EM debt. Investors may want to adjust their allocations accordingly.

Once again the British electorate surprised markets, opening the door for easier fiscal policy and a “softer” Brexit.

Over the next five years, there could be up to five significant pivots in the direction and scope of the monetary, fiscal, trade, geopolitical and exchange rate policies pursued by the world’s major countries.