The OECD is not really in the forecasting business and its projections are no more interesting than any others. But the consistent policy messages from the OECD and IMF might carry more weight. Frankly, my advice is to ignore the latest OECD projections - they don’t tell us anything that we don’t already know, and … Continue reading What to make of the new OECD forecasts
Category: US economy
Weekly wrap – Government policies continue to do more harm than good
Including thoughts on the “productivity puzzle”, bond yields, monetary policy credibility, and how the government’s clumsy interventions are still costing jobs and adding to rental inflation... Theme of the Week This week’s most interesting economic story was worth a piece of its own: “Six questions and answers on the new productivity data”. In short, the … Continue reading Weekly wrap – Government policies continue to do more harm than good
Weekly wrap – Has the UK economy really “turned the corner”?
Including thoughts on UK GDP, “rocket and feather” pricing at the pumps, should the BoE follow the ECB, US bond market intervention, German defence spending, and the latest UK evidence on “second round” effects... Theme of the Week The reassuringly strong GDP data added to evidence that the UK economy is holding up better than … Continue reading Weekly wrap – Has the UK economy really “turned the corner”?
Another lurch to the left under Burnham could tip the economy over
Better news on inflation might lower bond yields regardless of the changes in Downing Street. But it seems more likely that honeymoon disappointment and Budget speculation will sap confidence further. This Friday, Andy Burnham is set to be confirmed as the new leader of the Labour Party and hence as the next Prime Minister of … Continue reading Another lurch to the left under Burnham could tip the economy over
