UK

Britain is going through a difficult time, when its sustained ability to punch above its weight, economically and diplomatically, is ebbing. The end of irrational exuberance found the country ill at ease with itself, with rising inequalities and unhealthy nationalism, just when it needs to be fleet-footed in recognising that many of the traditional pillars of its strengths have changed. The need is to recognise other supports and partners and find a new common purpose after the pandemic. I live in hope.

doom and gloom

My research team puts out a monthly economic newsletter, that gets quite a lot of local coverage, and notably more so when the story is rather pessimistic, as we were this month, as several negative trends got sufficient critical mass for us to call a downturn, which is our broad, though not smooth, forecast. A successful call on the ecb rate hike, though hardly rocket science, earned me a special mention, taken from the attached article

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