Russia’s invasion of Ukraine has been rapid and dramatic, but the likely economic consequences will be slower to materialise and by...

Equities were sharply lower across the globe following Russia's attack on Ukraine. Risk assets sold off by around 3% and most share...

Growth will slow in 2022 but settle at an above-trend rate for the second consecutive year. We expect the US to outperform Europe and...

The lower for longer theme faced its greatest challenge yet last year. The tussle between labour and capital for the spoils of growth was writ large with the crisis that hit the poorest cohorts of society the hardest while big business got bigger. The move to address income and wealth inequalities was elevated as a result. While much has changed in the past two years, we tend to be of the view that the structural trends that were driving the environment of lower growth, lower