Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
UK government debt is running at £400 billion a year or 20% of GDP. Money supply growth is rising by nearly 14% per annum and the ratio of outstanding debt GDP – 85% of the economy just last year – is set to be around 108% of GDP in the 2020/2021 financial year. Surely that’s …
Continue reading “Why price inflation will remain low even with record debt”
Since the appearance of COVID-19, there has been a massive decline in global trade. World Trade Organisation figures suggest that it could fall be about a third this year. But some context is required here. The reduction is taking place mainly due to the voluntary shutdown of the global economy to fight the Coronavirus. This …
Continue reading “Globalisation is not the cause of the pandemic”
One in 100-year events are supposed to be rare, but we have had two within the last ten years. The first was the global financial crisis in 2008 / 2009. The second is now the global pandemic. It means they are happening with more frequency, and as a result, we should be expecting another one …
Continue reading “The economy after the pandemic – what are the lasting effects?”