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Global Economics Update What primary balances are needed to stabilise debt ratios? Public sector debt to GDP ratios are going to rise sharply and, in most cases, governments can tolerate this. But to retain the faith of financial markets, they might still need to make sure that debt... 5th June 2020 · 5 mins read
Global Economics Update Euro-zone incomes will be hit harder than US On the face of it, the surge in unemployment in the US implies that households are being hit harder by the crisis than those in Europe. But much of this reflects differences in the way that furloughed... 3rd June 2020 · 5 mins read
Global Economics Update PMIs point to slow industrial recovery May’s PMIs offer evidence that the global industrial sector is now on the slow road to recovery. But with demand extremely weak, activity is still far below normal levels and price pressures have... 1st June 2020 · 2 mins read
Global Economics Update Another global wave of austerity seems unlikely Unlike the period after the global financial crisis, we doubt that we will see a widespread trend of austerity to reduce public sector debt ratios. Nonetheless, austerity will still be undertaken in a... 26th May 2020 · 7 mins read