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Economic Update
We entered 2017 full of trepidation. Geopolitical risks were taking precedence over economic ones, and a dreaded “Black Swan” event was seemingly a very real prospect. As it turned out, these concerns were in part misplaced or at least over-stated. Elections in Europe did not follow the populist script of Brexit and the US election; the new US administration has not made any significant missteps on policy; rising protectionism did not bring global trade crashing down; China’s corporate debt problem did not cause a banking crisis and Brexit has not pushed the UK economy into recession...
Read full update > Economic Update - Nov 17
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