February 2017   For the first time in years, we see the possibility of an upside in global growth rather than the opposite. Stronger data keeps coming from the countries/regions […]

January 2017   The start of the Trump era is both a tipping point and a monumental paradigm shift. His “two simple rules: buy American and hire American” are the […]

December 2016   Just how bad was 2016? We won’t know until we can compare it to 2017! Despite the reality of better global living standards than ever before, today’s world […]

November 2016   In response to the ubiquitous head scratching as to what Trump has in store for the US and the rest of the world, we probed the exceptional […]

October 2016   In the coming months, political risk will continue to rise while global growth pursues its deceleration at a slow, but inexorable, rate, reflecting the structural changes engulfing […]

September 2016   More and more, decision-makers and market participants are coming to the realization that ultra-low interest rates reflect profound structural issues – most notably global ageing, falling productivity rates and rising inequalities […]

August 2016 If we had to capture the mood at Jackson Hole (the meeting of central bankers) with just one word, it would be: anxiety. Despite participants putting on a brave face, there […]

July 2016   The “risky trinity” (in the words of the BIS) of (1) unusually low productivity growth, (2) historically high global debt levels and (3) remarkably narrow room for policy manoeuver explains […]

June 2016   Britain’s decision to exit the EU may constitute the first step on a “stairway to Hell”, throwing up a tangle of economic, financial, societal, legal, political and other issues of […]

May 2016   Today’s world is threatened by many a ticking time bomb. Some, like immigration, financial crises or terrorism, tend to blow up suddenly; but the majority – including rising inequalities, ultra-low […]