28 October 2022 At China's recently concluded 20th Communist Party Congress, Xi Jinping was re-elected to an unprecedented third term as Party leader. Xi now appears set to lead both the Party and government for the next five years, and likely even longer. With political power now secured, can the same be said about the … Continue reading China: 2023 May Be Even Tougher than 2022
31 May 2022 In my March 2019 blog entitled "India: Long Growth Runway Still Lies Ahead", I suggested India may enjoy faster economic growth than all other large economies during the next decade, including China. The following Chart indicates the IMF now shares this appraisal, as India's long-term potential GDP exceeds all other countries (except … Continue reading India: Geopolitics, Climate, and Growth Risks
12 May 2022 In my 2022 Strategy blog entitled "Avoiding Stagflation?" (published 1 December 2021), I suggested global financial market volatility was poised to rise, and equity and bond returns would be negative. On a relative basis, however, I made the case for an outperformance of European markets. Much has happened during the past six … Continue reading European Markets: Intact or In Tatters?
At the 16 March FOMC meeting, US Federal Reserve Chairman Jerome Powell emphasised the central bank's determination to lower inflation towards the 2% target. To this end, the FOMC raised the Federal Funds rate by 25bp, and Chairman Powell indicated similar rate hikes should be expected at future meetings. Further, he warned the FOMC was … Continue reading USA: Too Hot, Too Cold, or Just Right?