Consumer, pay, jobs in The Monday Briefing

Who made money in 2019?

Deloitte-uk-money

2019 was a good year for financial markets and investors, with global equities up 27% over the course of the year. All major asset classes ended 2019 up on the year and risk assets were clear outperformers.

Global stocks rallied through most of last year, punctuated by short-lived sell-offs driven by rising trade tensions in May and worries about US growth in August. Risk assets largely shrugged off geopolitical concerns around the Middle East, Russian interference in foreign elections and growing US-China discord.

Equities were supported by unexpected monetary easing by the US Federal Reserve and the European Central Bank (ECB) designed to bolster growth. At the end of 2018, financial markets had expected the Fed to raise interest rates and the ECB to end its programme of quantitative easing in 2019. Instead, the Fed made three 25bps rate cuts and the ECB reduced interest rates and eased monetary conditions.

Continue reading

Posted on 20/01/2020

2020 global economic outlook

Global-outlook

This week’s Monday Briefing offers a view on prospects for global growth in 2020. We also review the findings of the latest survey of UK Chief Financial Officers which show a post-election surge in business confidence. A copy of the CFO Survey can be found at: https://www2.deloitte.com/uk/en/pages/finance/articles/deloitte-cfo-survey.html

Continue reading

Posted on 13/01/2020

And finally…

Deloitte-uk-christmas-quiz

Here, to mark the start of the Christmas week, are twelve of our "and finally" news stories from the Monday Briefing in 2019. The Monday Briefing is taking a break until Monday, 6 January. In the meantime, the Deloitte Economics team wish you a merry Christmas and a happy New Year.

Continue reading

Posted on 23/12/2019

Thoughts on the UK general election

Deloitte-uk-general-election

Boris Johnson’s 80-seat parliamentary majority has transformed the UK political scene. What does it mean for business and the economy? As always what follows is a personal view.

Continue reading

Posted on 16/12/2019

What to read this Christmas

Deloitte-uk-christmas

We are publishing our annual Christmas reading list today. It aims to offer a thought-provoking break from the rigours of Christmas. All are available free and online. You can save these articles on your smartphone's or tablet's reading list. To print any use the print icons, where available, on the webpages to ensure the whole article comes out.

Continue reading

Posted on 09/12/2019

Christmas Quiz

Deloitte-uk-christmas-quiz

Our Christmas quiz offers an eclectic test of knowledge of economics and business. The answers and a brief explanation of the factors at work are at the end of this note.

Continue reading

Posted on 02/12/2019

What’s the purpose of a company?

Deloitte-what-is-the-purpose-company

Expectations of business change over time. The tax and regulatory environment shift with the political cycle. Society’s expectations change too, and in recent years they have risen.

Continue reading

Posted on 25/11/2019

The size of the UK state

Deloitte-uk-the-size-of-the-uk-state

While they disagree on many things, the UK’s Labour and Conservative parties seem to favour an expansion in the state – though to very differing degrees.

Continue reading

Posted on 18/11/2019

Crunching the credit signals

Deloitte-uk-crunching-the-credit-signals

This time last year central banks in the rich world were poised to tighten monetary policy. The US Federal Reserve was expected to continue raising interest rates and the European Central Bank (ECB) president Mario Draghi had announced the end of its programme of quantitative easing.

Continue reading

Posted on 04/11/2019

A bumpy road for the auto industry

Deloitte-uk-auto-industry

The car industry is a bellwether of the global economy. When global trade and growth boom so, too, do car sales. With growth slowing and globalisation under pressure, the auto industry is suffering. Car production and sales are falling across most of the rich world and in China and India. The downturn in the sector is the most pronounced since the global financial crisis.

Continue reading

Posted on 28/10/2019