Special topics in The Monday Briefing

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

Created by my colleague Debo, the report examines the big global macro trends and challenges. Charts can be cut and pasted into your own reports. Do drop Debo a line at dde@deloitte.co.uk with ideas and comments.

Economists went into 2019 expecting growth in the West to cool. If anything, the slowdown has come quicker than expected.

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Posted on 17/06/2019

Global Economy in Charts - Q2 2019

Download the charts in pdf format here
Download the charts in powerpoint via SlideShare here

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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.

China’s Belt and Road Initiative (BRI) – dubbed by the authorities as “the Project of the Century” – illustrates the scale of the government’s ambitions. Launched in 2013 as a vast programme of overseas infrastructure, president Xi Jinping proclaimed it would restore the ancient Silk Road trading route that connected Asia and Europe.

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Posted on 10/06/2019

Safe as houses

Deloitte-uk-safe-as-houses

To outsiders the British can seem slightly obsessed with house prices. Yet it is an asset that matters. Two-thirds of UK households are owner occupiers and 35% of household wealth is tied up in property.

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Posted on 28/05/2019

If life is getting worse then why are we so happy?

Deloitte-uk-happiness

Last year I was asked to give a presentation on the challenges facing Western policymakers. We ranged widely across a depressing set of subjects, from stagnating incomes to inequality, public sector austerity, job insecurity and the rise of populism.

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Posted on 13/05/2019

Climate change and the threat to financial stability

Deloitte-uk-climate-change-and-the-threat-to-financial-stability

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

Deloitte CFO Survey: The dash for cash

Deloitte-uk-survey-account

Today’s Briefing summarises the findings of the latest Deloitte Survey of Chief Financial Officers which was released overnight. The full report is available at: https://www2.deloitte.com/uk/en/pages/finance/articles/deloitte-cfo-survey.html

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Posted on 15/04/2019

Globalisation déjà vu

Compass

This morning we are launching our quarterly “Global Economy in Charts” report, a 20-page slide deck, available here. Created by my colleague Debo, the report examines the big global macro trends and challenges. Charts can be cut and pasted into your own reports. Do drop Debo a line at dde@deloitte.co.uk with ideas and comments.

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Posted on 25/03/2019

How to reboot growth

Japan

The financial crisis of 2008-09 pitched Western economies on to a lower growth path. In recent years growth across the industrialised world has run well below the rates seen in the years before the financial crisis.

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Posted on 11/02/2019

Laser-like focus on costs amid Brexit turmoil

Brexit-money

The latest Deloitte survey of UK Chief Financial Officers released today shows that uncertainty over Brexit is driving a marked shift towards defensive strategies among British businesses. With the UK’s growth prospects heavily dependent on the so far uncertain nature of its exit from the EU, corporates are cutting back on capital expenditure and hiring. Cost reduction is the top priority for CFOs who are placing a greater emphasis on it now than at any time in the last nine years.

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Posted on 04/02/2019