Generous pensions schemes are at the heart of Brazil budgetary problems. Reforms are needed to put fiscal policy on a sustainable footing. Is this possible prior to the 2018 election? Brazil Pension Reform
Saudi Arabia: Vision 2030
12 September 2017 With the Aramco IPO widely anticipated, it is important to be familiar with the Saudia economic strategy. Likewise, with oil prices set to remain low, understanding the vision for reducing the nation's dependence on this commodity is crucial to future properity, as well as maintaining the currency peg. saudivision2030
Investment Strategy: Next 6 Months are Key for Trump Presidency
3 September 2017 Welcome to the launch of what will be a regular strategy review. Macro-themes have dominated market moves, especially following the Brexit referendum and the US and French elections. With the Trump Presidency entering a potentially decisive six months, I believe this will remain true during the year ahead. I am a believer … Continue reading Investment Strategy: Next 6 Months are Key for Trump Presidency
UK: Consumer Weakness Will Persist For Years, Not a Few Quarters
1 August 2017 The recent release of second quarter GDP data had something for everyone. For the post-Brexit sceptics, the meagre 0.3% gain (following a similarly paltry advance in Q1) confirmed the economic recovery was faltering. Recently, weak consumer spending has been a major headwind, resulting from modest income growth and higher prices following sterling’s … Continue reading UK: Consumer Weakness Will Persist For Years, Not a Few Quarters