At its meeting on Thursday, the Bank of England’s Monetary Policy Committee should be more concerned about the negative impact on the economic recovery from soaring energy prices than about the upward impact on headline inflation. … READ MORE >
United Kingdom
RSM UK Financial Conditions Index: Gimme shelter
The RSM UK Financial Conditions Index has moved to its highest level since 2014, reaching 1.1 standard deviations above levels of risk that are normally priced into financial assets. … READ MORE >
CHART OF THE DAY: Shipping costs reach 11-year high
The rise of the delta variant in Asia combined with surging demand around the world have sent shipping costs higher, which will show up in higher costs of imported goods as supply chain problems persist. … READ MORE >
RSM UK Financial Conditions Index remains stout despite risk of virus resurgence
The RSM UK Financial Conditions Index stands just below one standard deviation above neutral, implying that conditions are ripe for a robust recovery of the British economy heading into the latter portion of the year and an economic expansion next year. … READ MORE >
RSM UK Financial Conditions Index: A milestone after 7 years of stress
Despite the public health risks around the delta variant, financial conditions imply rising risk appetite and are supportive of growth as the economy enters the third quarter of 2021. … READ MORE >
UK economic chartbook: Consumers gain more confidence
Mass vaccinations have stimulated a revitalization of the domestic U.K. economy in recent months, which is resulting in a rapid normalization of consumer behavior. … READ MORE >
RSM UK Financial Conditions Index: A third month of stability in May
The RSM U.K. Financial Conditions Index implies that conditions are ripe to support a robust reopening of the British economy. … READ MORE >
RSM UK Financial Conditions Index: Setting the stage for recovery
The RSM UK Financial Conditions Index, at roughly one standard deviation above neutral financial conditions, shows that the appetite to take risk is supporting economic growth and recovery. … READ MORE >
Global economy to expand by 6% as vaccinations accelerate
The events that shook the global economy to its core last year – policy errors and a pandemic occurring at the end of a decade-long business cycle — finally appear to be bottoming out. … READ MORE >
Globalization and the failure of the Super League
The collapse of the European Super League on Tuesday, less than 48 hours after it was announced, should provide a valuable lesson for those who support the movement of ideas, capital and people across borders to expand opportunity and prosperity. … READ MORE >