We have shown that red states are falling behind blue states in the jobs recovery. We examine three possible drivers: (i) demographics; (ii) opioids;

We compare the US labor force participation rate to other G10 economies. The decline in the US participation rate is a clear outlier, especially wh

Ongoing lira weakness highlights the growing risks to external financing and inflation outlook. The larger current account deficit financed mainly by

Red states are falling behind blue states in the labor market recovery, a phenomenon we documented in a Global Macro Views earlier this week. We fo

Red states are not benefitting the same as blue states from jobs growth, with the nature of th

China's corporate debt relative to GDP is the highest both historically and among the major economies. However, Chinese companies' leverage, measured