We monitor the global economy while adhering to a certain analytical framework to identify the most important developments taking place in the global economy, and to get a sense of where the global economy is headed.

It is our view that the world economy moves in cycles – long waves and shorter cycles conditioned by these long waves – and tends to be dominated by the trend and cyclical movement of certain core economies. Most other analyses deny such cycles as being inherent and recurrent, seeing macroeconomic phenomena as the result of various random global shocks or policy decisions in the major global economies.