Sep 12, 2023

Global GDP growth is projected to decelerate to +2.5% in 2023, as low as in 2019. Advanced economies will likely dodge a full recession but will experience low growth in 2023 and 2024.

Sep 07, 2023

The Chinese consumer is at the heart of public support measures but rebuilding confidence will take time.

Sep 05, 2023

2022 flipped the script on the traditional 60/40 portfolio split, with inflation and growth dynamics switching the traditionally negative correlation between equities and bonds into a positive one.

Aug 04, 2023

An initial ‘back of the envelope’ calculation suggests that the recent heatwave across the United States, Southern Europe, and China may have cost 0.6pp of GDP in 2023. The cost ranges from 0.1pp for France to 1.3pp of GDP for China.

Aug 01, 2023

The future will be powered by metals, but fenced in by iron curtains. Metals and critical minerals such as lithium, cobalt and nickel are crucial for the green transition, used for everything from electric vehicles to wind turbines.

Jul 28, 2023

The US economy stepped up the pace in Q2 2023, with GDP growing above-trend at +2.4% annualized, driven by soaring business investment. Q3 data continue to show positive signs, including a sharp rise in consumer sentiment and continued solid performance in the labor market.