A significant proportion of economic activity occurs but is not captured by official GDP statistics in countries around the world
Chart of the Week
Since March of 2021, every month but July and December has seen steady growth. The two negative months have had almost no effect on the general trend of consistent and steady growth.
Chart of the Week
Investors have flocked to those sectors which they believe will benefit from lasting post-pandemic trends, and avoided those that have proven less resilient – with Information Technology up 29% at one extreme, and Energy down 41% at the other.
Historical Public Sector Net Borrowing: Post-Covid 19 Forecast
Despite the unprecedented and, as yet, incalculable, cost of government measures, the OBR have stated that ‘we can be confident that the cost of inaction would ultimately have been much higher.’.
The Impact of Covid 19 on Global Growth Projections
Researchers from Imperial College London predicting that ‘transmission will quickly rebound if interventions are relaxed.’. If this causes reintroduction of measures, then a double-dip recession looms. Indeed, should the spread of the virus maintain this pace, a sustained decline is
Chart of the Week: UK Government & Household Debt vs. GDP
Over the past 40 years, government debt as a proportion of GDP has predominantly remained in the 30%-50% range. This trend ended with the financial crisis, after which government policy has been centered on reducing the debt to GDP ratio…