Key Developments & Chart of the week
Dear Colleague, The attached Key Developments contains our Chart of the Week and the key data and other information from this week that, in our judgement, bear most importantly on the core elements of our World View.
Key Developments & Chart of the week
Dear Colleague, The attached Key Developments contains our Chart of the Week and the key data and other information from this week that, in our judgement, bear most importantly on the core elements of our World View.
Focus – China’s continuing growth slowdown
China’s era of rapid economic growth dated from 1979 until about a decade ago. Main drivers were: rapid growth in the working-age population; increased participation; employment; longer working hours; and rapid productivity growth. However, over the past decade all four drivers have slowed. Moreover the first three seem almost certain to continue to detract from […]
Global GHG reduction – an uncoordinated muddle and mess
Global Letter Dear Colleague, COP26 in November faces an impossibly wide spread of national interests to corral into a unified global programme. It has been set up for failure by the clash between ambition and reality on climate change – with three elements in particular undermining the whole carbon-zero target. Yours sincerely, Preston. Sir Jeremy […]
Global Letter – Investment requirements for a 2C world
Dear Colleague, Of the many issues that will be discussed in connection with the forthcoming COP26 meeting, one that need not be is the investment cost of switching to a green economy. The requisite resources will be available: though they seem unlikely to be deployed in time.
Key Developments & Chart of the week
US PMI strengthens, China’s slows. Inflation steady in US, up in EU. Two more EM countries tighten.
World View & Risks
Key Developments & Chart of the week
US current account deficit widens; Japan’s deflation continues; major central banks are stirring
Germany – economic challenges for the new government
In a number of respects the German economy is in a good position after 16 years of Mrs Merkel But there are problems too, including slow growth that is unduly dependent on exports Securing good future performance will require that policy be made holistically, not piecemeal Particular emphasis warrants being paid to investment in human […]
Key Developments & Chart of the week
US inflation eases back, China’s output growth slows, Euro-area inflation stays contained.
