Our Emerging Markets (EMs) outlook table (click below on ‘View PDF’) summarizes the impact of elections in EMs over the next 12 months. Markets are ordered in accordance with the electoral calendar.… Read the rest
Recessions are expensive. Output is permanently lost; and often potential growth is reduced too.
In an earlier Global Letter, 1 we reproduced path-breaking calculations made for the UK by the late Christopher Dow.… Read the rest
The basic science has long been known: but the planet is warming faster than expected.
COVID-19 is a sharp reminder of humankind’s fragility and its linkages with the natural world. Headlines understandably focus on its devastating human and economic consequences.… Read the rest
The EU’s recovery programme is a potential game changer for the economy and the single currency.
In his memoirs, European visionary and revered French diplomat Jean Monnet asserted that: “Europe will be forged in crises and will be the sum of the solutions to those crises”.… Read the rest