The economics of life-saving diagnostics
It has been almost nine years since the UK Review on Antimicrobial Resistance (AMR), which I chaired, published its final recommendations. Since then, I have occasionally checked in on the progress...
Is the outlook for the global economy still bullish?
Last month, I wrote about the central role of inflation trends in the outlook for the world economy in 2024 and beyond. Of course, there are many additional risks, which is why the forecasting...
The inflation challenge in 2024
As 2023 draws to a close, there are many known unknowns — especially on the geopolitical front — and presumably as many unknown unknowns lurking on the horizon. Producing any forecast for the...
A BRICS threat to the dollar?
Russia's war in Ukraine, Vladimir Putin and Xi Jinping's recent meeting in Moscow, and China's apparent success in brokering a diplomatic rapprochement between Iran and Saudi Arabia have fueled...
The inflation picture gets murkier
In January, I expressed optimism that a recession across the Western world (and beyond) was becoming less likely, and high-frequency indicators since then have indeed supported a benign outlook. This...
A better year for stock markets?
Although it has been almost a decade since I gave up a full-time job in finance, markets – and market oddities – still fascinate me, especially when they send signals that run against a widely...
Another global recession?
At the start of the year, I expressed concerns about the outlook for financial markets, owing to all the considerable uncertainties that I could identify, and to the many other potential risks that...
2022: A bad year for markets?
Last month, I identified what I saw as the big issues of 2022, noting that I could not recall a time when there were so many sources of uncertainty, both known and unknown. The main issue was...