SCOTLAND The Brief, written by Believe in Scotland, is a fantastic read for anyone interested to learn about Scotland’s diverse and rich economic resources. These resources include energy, oil, gas, food, drinks, finance, life sciences, chemical sciences, digital, creative, education, construction, tourism, and even space. Further, with 8% of the UK population we have 70% of UK fish … Read more
Early in his war against Ukraine President Vladimir Putin of Russia appeared tense, angry and even disoriented. He spent days out of the public eye, threatened the West with nuclear strikes, and lashed out at anti-war Russians as “scum.” But in recent weeks a new Putin has emerged, very much resembling his prewar image: relaxed, … Read more
“NO ES SUFICIENTE” — It’s not enough. That was the message protest leaders in Ecuador delivered to the country’s president this past week after he said he would lower the price of both regular gas and diesel by 10 cents in response to riotous demonstrations over soaring fuel and food prices. The fury and fear … Read more
When Donald Trump started a trade war with China in 2018, Mexico looked well placed to benefit. For American manufacturers scrambling to dodge newly imposed tariffs on Chinese imports, the attraction of moving production to their southern neighbour seemed clear. Mexico offered a skilled workforce, good road and rail connections, an established export industry and … Read more
The UK is sliding towards a recession. Only six months ago, a strong recovery was expected, but the impact of the pandemic, the slow return to pre-Covid work patterns and soaring inflation driven by the Ukraine invasion have depressed the economy. Last week the governor of the Bank of England, Andrew Bailey, warned that Britons … Read more
An aerial view of Bangkok’s central business district on June 2, 2022. (Photo: Bloomberg) Twenty-five years ago this month marked the beginning of economic, political and financial market turmoil that would become known as the Asian Financial Crisis. Currencies and stock markets tumbled. Governments were overthrown. Poverty rates soared. The crisis raised serious doubts about … Read more
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in the … Read more
Key takeaways Russia’s default on sovereign debt does not have significant implications for the country or the global economy; the event may spook some investors in non-aligned markets. For the rest of the year, G7 partners will attempt find workable solutions to the conundrum of keeping oil and gas flowing out of Russia while reducing … Read more
The macroeconomic effects of structural reforms: An empirical and model-based approach Structural reforms encompass a broad set of policies that can permanently alter the supply side of the economy and create an environment in which innovation can thrive. These policies lift productive capacity by strengthening incentives to increase production inputs or to ensure that those … Read more
The market is navigating different outcomes and in the simplest terms, here’s how it shapes up. 1) High inflation with ongoing growth and Fed hikes above 4% This is the scenario the market grappled with for most of the year and the results speak for themselves. It was the worst H1 for the S&P 500 … Read more
