Another decade, another recession … but this one’s different

When US Presidents, UK Prime Ministers and other leaders in politics and business take charge, the first 100 days of their leadership is always seen as critical. Last Thursday marked 100 days since the first case of COVID-19 was reported to the World Health Organisation (WHO) at the start of January. The scale of the change, political intervention and business disruption that we have seen since then has been truly unprecedented. And what happens in the next 100 days will likely be just as alarming and unprecedented. Indeed, the word unprecedented is now so overused that it no longer does justice to just how rare and extreme events have been.

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Chief Economist’s Weekly Brief – Waiting for the good news

All eyes were on political theatre in Westminster last week. No-deal Brexit looks more likely. And with it some economic disruption – how much is unknown. The global economic outlook is not promising: the US and China are still locked in the trade war and the Eurozone is fighting to stave off a recession.

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Economic Gongs: Best actors in an increasingly unpopular drama


There is an increasingly unpopular drama unfolding in the global economy. It’s not quite the epic of 2007/8. But it certainly has economists and investors gripped, as we have witnessed the Big Short on oil prices and a Revenant-style bear market that has mauled the share prices of the stock markets’ biggest stars. Continue reading