26th May 2019

Global Developments Bottomline: The OECD became the latest to lower growth forecasts to 3.2% this year (the slowest pace in 3 years), with a staunch warning on “clear and present dangers” from trade war measures. Concerns remain whether the trade war between the US and China will escalate further, and more trouble is likely to…

19th May 2019

Global Developments Bottomline: Not much joy around the world – FDI into emerging markets falling to the lowest in 20 years; escalating worrisome economic wars, and breakdown of cross-party Brexit talks on one hand while geopolitical tensions in the Middle East edged up after Saudi oil facilities were hit by drones and oil tankers attacked…

12th May 2019

Global Developments Bottomline: Global growth headwinds are back in play – global manufacturing PMI (50.3 in Apr vs Mar’s 50.5) slipped to the lowest since Jun 2016 and the new order inflows is the weakest since 2012. The European Commission downgraded growth forecasts for this year and the next and as the US moves closer…

5th May 2019

Global Developments Bottomline: The Fed kept rates unchanged, with its Chair pushing back against interest rate cut pressures saying inflation will rebound; there seems to be an issue of mixed messaging with two other Fed member statements leaving the door open to rate cuts. In Europe GDP surprised on the upside, in spite of the…