Paul Hannon

Falling inflation across industrialized countries opens the door for central banks to start cutting interest rates next year.

Global trade flows rose for a second straight month in September, a sign that the long downturn in the movement of goods across international borders may be coming to an end.

Eurozone unemployment has fallen to a record low, new data showed, echoing the surprising resilience of the U.S. jobs market and boosting hopes for a soft landing on both sides of the Atlantic. The currency bloc's unemployment rate fell to 6.4% in November from 6.5% in the previous month, the Europ

World trade was seen rebounding this year and next as cooling inflation eases pressure on household budgets, but the recovery may be weakened by growing distrust and fresh barriers between some large economies.

Central banks should resist the temptation to lower their key interest rates too early and risk a resurgence of inflation, International Monetary Fund Managing Director Kristalina Georgieva said.

The Bank of England said it will place more stress on developments that could upend its expectations for the U.K. economy and future interest rates as part of an overhaul of forecasting and communications recommended by Ben Bernanke.

The US and Chinese governments should take action to lower future borrowing, as a surge in their debts threatens to have “profound” effects on the global economy, the International Monetary Fund said.