The United States has been the standout growth story of the post-pandemic years. Perhaps the best way to measure this is to compare the size of national output at the end of 2023 to the level it was expected to be at by the end of 2023 in the last set of pre-covid IMF forecasts back in the winter of 2019.
It says something rather telling about the state of an economy when GDP revisions, part and parcel of the process of compiling economic data, are treated as big news.
2023 turned out to be a lot better than expected. A year ago the consensus view was that high energy prices would push the British and European economies into recession and the chances of a similar downturn in the United States were closely balanced.
Once upon a time,...
It might not feel like it but the global economy, at least from the point of view of Western central bankers, is currently in something of a sweet spot.
Founding partner, Max Thowless-Reeves speaks to WealthBriefing about investment strategy and UK equities
The pandemic ushered in great economic changes. It helped rekindle global inflation after two decades of tepid price rises.
SORBUS founding partner, Max Thowless-Reeves speaks to Professional Wealth Management about UK equities and the benefits of investment by local entrepreneurs.
Speaking to a crowd of Western ambassadors at the Polish embassy in Moscow in 1956, the Soviet premier, Nikita Khrushchev, famously declared “we will bury you”. While some paranoid observers took this as a veiled threat to start a Third World War, what Khrushchev was actually talking about was economic output.
The headlines about the Eurozone’s economic performance often mislead as much as they inform. All too often the fortunes of Germany are misrepresented as conveying the whole story. Often, such as now, this is simply not the case.
The US Federal...
At the turn of the year, the Western economies were braced for a nasty recession. But as the halfway point of 2023 ranges into view, forecasts have become a touch more optimistic. Whilst no one would call the economic outlook positive, it is at least not as negative as once feared.