Leading fund management groups remain confident of a robust recovery in the world economy but this outlook has tilted in a stagflation direction as growth momentum fades and price pressure rises. Global growth is still on track but the resultant…
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We should not loose sight of the fact that the recovery from the Covid 19 pandemic has been quite extraordinary. Nothing in living memory has matched it. By the summer of 2021, global GDP had not only passed its pre-crisis…
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The generally agreed world target to achieve net zero carbon emissions is 2050. The combined forces of both governments and markets are moving towards this becoming a real outcome. The use of renewable energy has significantly risen in the UK.…
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The global shortages of natural gas have revealed the worlds continuing dependency despite the drive to renewable energy sources. The dramatic spike in energy prices have come as a bit of a surprise and shock to many. Oil has now…
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The October fall in UK CPI inflation from 3.2% to 3.1% should not been seen as a signal that UK inflation has peaked. The direction of price rise travel is upwards with CPI expected to hit 5% in the near…
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We discussed the Chinese property bubble in our last blog as residential properties in Beijing, Shanghai and Shenzhen are now trading at 43 times average earnings. The property sector makes up 25% of China’s GDP growth which is three times…
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The backdrop to the Federal Reserve’s Open Markets Committee (FOMC) meeting in August was rising US inflation of 5.4% in July, unemployment standing at 5.4%, interest rates at 0.25% and 10 million job vacancies. Not surprisingly, Jerome Powell signalled as…
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EDITION 35 PORTFOLIO SELECTIONS Our last Portfolio Edition 34 was researched and built in November and December 2020 when the outcome of the expected recession, the furlough programme extension, the vaccine roll out and Brexit were all unknown but important…
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The Chinese economy grew 18.3% in the twelve months to the end of March 2021. This is a remarkable recovery from last year. This 18.3% growth comes on top of the news that the Chinese economy fully recovered its GDP…
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