Global economics in The Monday Briefing

Summer reading list

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A personal view from Ian Stewart, Deloitte's Chief Economist in the UK. To subscribe and/or view previous editions just google 'Deloitte Monday Briefing'.

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Posted on 29/07/2019

Assessing the outlook for global growth

Global-economy

Economists went into 2019 forecasting a slowdown in global growth. That slowdown has come faster than expected. Alarmed by the speed of the downturn, the US Federal Reserve and European Central Bank have switched from tightening monetary policy to easing.

The combination of slower growth and easier policy has elicited very different responses from business and financial markets.

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Posted on 15/07/2019

Equities rally on prospect of cheaper money

Money-grow

At the beginning of this year equity markets were reeling from a sell-off driven by fears over global growth and rising US interest rates.

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Posted on 01/07/2019

Are we doing better than we think?

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It is commonplace to say that the pace of technological change is speeding up. From Twitter to online shopping our everyday lives are, apparently, being transformed.

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Posted on 24/06/2019

Central banks to the rescue – again?

Compass

This morning we are launching our second quarter “Global Economy in Charts” report, available here - https://blogs.deloitte.co.uk/mondaybriefing/2019/
06/global-economy-in-charts-q2-2019.html

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Posted on 17/06/2019

Global Economy in Charts - Q2 2019

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Posted on 14/06/2019

China’s Belt and Road Initiative

Tunnel

China’s growth rate has slowed in recent years. Its sustainable growth rate has almost halved, to around 6.0% in a decade or so.

By Western standards this is an unattainably rapid growth rate. It would enable China’s economy to double in size every 12 years. China is still a fast-growing country, and one that exercises growing authority on the world stage. From technology to overseas investment and geopolitical influence China increasingly matters.

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Posted on 10/06/2019

Modern Monetary Theory – or alchemy?

Coins

For centuries governments have taxed, borrowed or created money to pay for public spending. All carry risks. Heavy taxes dampen growth and upset voters. Excessive public borrowing triggers financial crises. Printing money to pay for public spending can look tempting. But, as rulers from Henry VIII to Venezuela’s Nicolás Maduro have discovered, creating money out of thin air and spending it tends to destroy confidence and send inflation rocketing.

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Posted on 03/06/2019

Climate change and the threat to financial stability

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Last month the governor of the Bank of England, Mark Carney, issued a stark warning about the impact of climate change: “If…companies and industries fail to adjust to this new world, they will fail to exist”. Mr Carney’s statement was co-signed by the chair of the Network for Greening the Financial System, a coalition of 36 central banks, including the People’s Bank of China. The Network helps central banks measure and mitigate the risks to the financial sector posed by climate change. Last month’s statement signals that climate change has well and truly arrived as an issue for central bankers.

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Posted on 07/05/2019

Global growth update

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Today’s Briefing looks at the state of global activity one-third the way through the year.

Economists went into 2019 expecting global growth to slow modestly and that’s just what has happened. The slowdown is being driven largely by advanced economies, especially the euro area.

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Posted on 29/04/2019