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05 March 2015

Will India become the fastest growing large economy?

By Anubhav Mohanty Last week, the Indian government presented its first full budget and its Annual Economic Survey (AES). The AES – a stock-take of the economy – projects growth in 2014-15 to be 7.4% and 8.1%-8.5% in 2015-16, which will make India the fastest growing large economy in the... Read more

03 March 2015

Women in Work – UK performance improves, returning to its 2000 spot

By Yong Jing Teow The latest findings from our third annual update of the PwC Women in Work Index show that the UK moved ahead, rising four places to 14th out of 27 OECD countries. The economic recovery that drove the UK’s performance in 2013 resulted in a larger improvement... Read more

10 February 2015

The World in 2050: will the shift in global economic power continue?

By John Hawksworth and Danny Chan We have just produced the latest in our series of reports looking ahead to the World in 2050. This contains our latest long-term growth projections for 32 of the largest economies in the world, accounting for around 84% of total global GDP. So what... Read more

04 February 2015

Greek lessons for Europe

By Andrew Sentance, Senior Economic Adviser, PwC The new Greek government has been in power for just over a week now – but we are not much clearer on its detailed policy programme. Greece risks becoming embroiled in a prolonged and messy dispute with other EU governments on debt relief.... Read more

20 January 2015

The Power of Shared Myths

By John Hawksworth Are shared myths the primary driver of human progress since the Stone Age? That is the central thesis of ‘Sapiens: A Brief History of Humankind’, an engrossing and provocative new book by Yuval Noah Harari, professor of history at the Hebrew University of Jerusalem. The book details... Read more

16 January 2015

What can behavioural economics tell us about the payday loan market?

By Charlotte Hacker How should payday loans be regulated? And how should financial regulators approach other similar innovations in consumer financial products? In the penultimate lecture of this year’s Beesley series, Chief Executive of the Financial Conduct Authority (FCA), Martin Wheatley, addressed these issues. He argued that the specific combination... Read more

08 January 2015

Investment is the key to unlock European growth

By Andrew Sentance The British economist John Maynard Keynes has had a great influence on our thinking about economic policy since the Second World War. But his ideas are often misrepresented and misused. In popular economic debate, Keynesian economics is associated with the view that more government spending is the... Read more

19 December 2014

Who will benefit from the oil price surprise?

By Andrew Sentance, Senior Economic Adviser, PwC The big economic development this year was one which no economic forecaster had predicted – a dramatic drop in the crude oil price. Brent crude is now around $60/barrel, a drop of $50/barrel from the average price in 2011-13. The most significant impact... Read more

09 December 2014

Has trade growth become disconnected from GDP growth?

By Dr Rebecca Harding* Recent world trade data has shown a pick-up after a very flat period from last autumn until this summer. In the third quarter of this year, the CPB World Trade Monitor shows trade volumes rising at 2% above the previous quarter. So does this mean that... Read more

05 December 2014

Can Africa’s economic rise be sustained?

By John Hawksworth During the second half of the 20th century, sub-Saharan Africa[1] was generally an underperformer in the global growth race. Over the past decade, by contrast, it has been one of the fastest growing parts of the world economy, as shown by the blue bars in Figure 1... Read more

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