By Esmond Birnie, Chief Economist in Northern Ireland In the UK and in some other European economies we have a productivity puzzle. Since the onset of 2007-8 banking crisis, levels of GDP per worker appear to have slumped. According to the latest figures from the Office for National Statistics ,...
By Yong Jing Teow and John Hawksworth To mark International Women’s Day (8th March) new PwC research reveals women in the UK are less likely to be in full-time work and experience greater pay inequality than their counterparts in other developed countries. Our new PwC Women in Work Index shows...
By Himani Gupta[1] Africa is on the up. It presents international businesses with immediate growth opportunities, particularly in the infrastructure sector. In the latest issue of our Global Economy Watch, we have taken a closer look at the prospects for Africa. Most African economies have shown resilience following the financial...
By John Hawksworth, Chief Economist, and Adam Lyons, Oil and Gas Director Shale oil is rapidly emerging as a significant and relatively low cost new unconventional resource in the US. And it has the potential to spread globally over the next couple of decades. If this happens, it could revolutionise...
By David Lancefield, Economics and Policy Partner and Yih Lin Teh "If you can look into the seeds of time, and say which grain will grow and which will not, speak then unto me," so said William Shakespeare. Whether we can or not, we’ve come up with our views on...
By Tom Robinson, David Lancefield and Carlo Gagliardi Data is a vital resource in the new digital economy. But at present, the private sector is a largely closed data environment. A consumer’s personal data (their ‘small data’) is either stored offline, separated into digital silos or managed by businesses, unseen...
By John Hawksworth, Chief Economist, and Danny Chan, Economist We have just produced the latest in our series of reports looking ahead to the World in 2050. So what are the key trends we expect to see by the middle of the century? Three things stand out. First, we expect...
By David Lancefield, Economics and Policy Partner In the wake of the Autumn Statement, regulators were hardly the centre of attention. But delve a little deeper and you’ll see some important signals the Government has sent to regulators, and to those investing in the regulated sectors. Effective regulation is an...
By Neha Georgie, PwC Economist Steffen Huck, Professor of Economics at UCL, and Amelia Fletcher, Chief economist at the OFT, presented an engaging Beesley lecture on the applications and implications of behavioural economics. Key themes discussed are summarised below. What is behavioural economics? Behavioural economics refers to deviations from the...
By John Hawksworth and Yong Jing Teow UK exports have not grown as fast as some had hoped in recent years. Much of this can be attributed to the slowdown in the UK’s key European and US markets, and it was common even just a few years ago to hear...
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