Our Views on the Markets and the Economy

On Wednesday the Chancellor presents his Budget and the Comprehensive Spending Review. His thinking should be guided by where are we in the economic cycle.



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In our latest investment update, our Chief Economic Strategist, Gerard Lyons, and our Head of Portfolio Management, Iain Barnes, look at the events that are impacting the global economy and financial markets, and what this means for your investments.



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What happens next?

There is considerable uncertainty surrounding the outlook for the UK and the global economy, and this is being reflected in both the current debate about what lies ahead and in recent market volatility. What should we make of this?



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Evergrande: a foundational threat?

The second biggest property developer in China – a company called Evergrande – is in severe financial difficulties. Given the size of China’s population, the scale of development there and the extent to which property prices have risen in recent decades, a firm occupying such an important position in this sector is naturally huge.



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Assessing the inflation challenge

This week we learned that the annual rate of consumer price inflation rose to 3.2% in August. A year ago, in August 2020, the annual rate of inflation was only 0.2%. The continued rise in inflation vindicates our commentary on this topic over the last year. What is accounting for this rise in inflation, what will happen next and what are the implications for policy?



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The political conference season is upon us, beginning this week with a virtual TUC Congress and ending in a few weeks with the Conservatives in Manchester. Occasionally, such conferences can be host to watershed moments for the economy.



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This month central bankers from around the world will gather for their annual economic symposium at Jackson Hole, Wyoming. Hosted by the Kansas City Federal Reserve, it has established itself as the premier event to capture the mood of global monetary policy.



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Following on from Netwealth's five-year milestone, and as we look ahead to the next five years, it is perhaps worth bearing in mind the words of Benjamin Franklin: that the only things that we can be certain of are death and taxes. Even in economics, demographics and fiscal matters now occupy a pivotal place a quarter of a millennium after Franklin’s words.



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What is happening to the global economy and what does it mean for financial markets? There has been a significant evolution in the focus of markets through the course of this year – so let’s take a closer look at the prospects now.



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If England win the UEFA European Football Championship European Championships on Sunday will this be good news for the economy? That is a question I have been asked today, in the wake of comments by Chancellor Rishi Sunak. What is the answer?



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