Category Global macro
![The case for a higher neutral interest rate](/globalassets/images/redesign-images/mobile-versions-of-page-banners-767x420/15925---sm_10.jpg)
The case for a higher neutral interest rate
November 06, 2023
In our view, the level of real interest rates at which central bank policy is neither stimulating or restricting growth has moved upwards.
![Yield-curve inversion – an unreliable recession signal?](/contentassets/c833071dc59f4b86947bc8bd520a7db4/15913---sm_10.jpg)
Yield-curve inversion – an unreliable recession signal?
October 13, 2023
Central banks have suppressed longer-dated bond yields, according to our analysis, undermining the value of an inverted yield curve as a recession signal.
![The rise of green protectionism](/globalassets/images/redesign-images/perspectives/promo-block-404x265/15886---sm_11.jpg)
The rise of green protectionism
September 27, 2023
Green protectionism is reshaping the global economy and geopolitics.