Latest articles

28 August 2014

Escaping the middle income trap – what’s holding back the Fragile Five?

By John Hawksworth From the turn of the century until around 2012, the big story in macroeconomics was the shift in economic power to the BRICs and other large emerging economies such as Indonesia, Mexico, Turkey and South Africa. This story remains valid in parts, but the last couple of... Read more

28 July 2014

UK recovery remains on track – but no grounds for complacency

By John Hawksworth Friday’s GDP data took us past a very symbolic landmark. The level of output in the UK is now slightly above its pre-recession peak. However, we should bear in mind that the UK population has risen by more than 4% since early 2008. Average income per person... Read more

16 July 2014

Can Modi’s budget boost India’s economy?

By Anubhav Mohanty Arun Jaitley, India’s Finance Minister presented the Modi-government’s first budget last week. In a speech that lasted a little more than two hours, the Finance Minister outlined his road map for the economy which included measures to improve infrastructure, reform the tax system and allow more foreign... Read more

09 July 2014

UK economy takes off – but it could still be a bumpy ride

By John Hawksworth Our latest UK Economic Outlook report, published today, suggests that the economy is on a clear upward trend. GDP growth has accelerated from a sluggish 0.3% in 2012 to 1.7% in 2013 and we expect it to pick up to around 3% on average in 2014. It... Read more

06 June 2014

What does it take to win the World Cup?

By William Zimmern and Dan Broadfield As the 2014 World Cup in Brazil draws closer, there’s increasing interest in what makes a successful World Cup nation, and which countries are the strongest contenders to win the tournament. We find that the following factors are important in how well a country... Read more

29 May 2014

Inequality and the Piketty debate

By John Hawksworth and Andrew Sentance Thomas Piketty is the French “rock star” economist whose magnum opus, Capital in the Twenty-First Century, has become a surprise bestseller on both sides of the Atlantic and one of the most talked about books on economics in recent times. It has also attracted... Read more

20 May 2014

London takes the crown – notes from a resident

By John Hawksworth London has for the first time claimed top spot as a centre for business, finance and culture in Cities of Opportunity - PwC’s sixth annual index of 30 major cities internationally. London has edged ahead of New York since last year, with Singapore coming in a strong... Read more

09 May 2014

China overtakes the US – a symbol of shifting global economic power

By John Hawksworth According to one measure of economic size, GDP at purchasing power parities (PPPs), China could overtake the US as early as 2014 according to new estimates by the World Bank published last week. This is three years earlier than projected in our own ‘World in 2050’ study... Read more

25 April 2014

UK set to recover 5th place in global economic league

By Andrew Sentance, Senior Economic Adviser, PwC The latest IMF economic forecast grabbed the headlines in the UK earlier this month when it suggested that the UK would be the fastest growing G7 economy in 2014. This encouraged me to go back to the IMF’s database and work out how... Read more

01 April 2014

Pay and productivity – an economic perspective

By John Hawksworth The UK economy is recovering, but so far pay and productivity have been the two key missing pieces in the jigsaw. How do they fit together and when might they also mount a strong recovery? Economic theory suggests that pay and productivity are closely linked, since if... Read more

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