34 articles for "John Hawksworth"

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...

11 March 2014

UK economy – is the Big Squeeze nearly over?

By John Hawksworth Our latest UK Economic Outlook report suggests that we are now firmly on the road to recovery. Growth picked up from 0.3% in 2012 to 1.8% in 2013 and our analysis suggests that this should rise further to around 2.6% this year - although it might then...

05 February 2014

New PwC ESCAPE Index – 5 striking findings

By John Hawksworth We have today launched our new ESCAPE index. This provides a holistic assessment of socio-economic progress between 2000 and 2012 for 42 of the largest advanced and emerging economies, together accounting for around 85% of world GDP. Full details of the index results are available from our...

20 January 2014

Escaping the middle income trap – the challenge for emerging markets

By John Hawksworth Over the past decade, we got used to thinking of emerging markets as a bloc defined by an acronym – BRICs, E7, N11, CIVETs, MINT etc – and characterised by generally strong growth prospects. In practice, this was always an oversimplification as cumulative real GDP growth rates...

02 December 2013

Autumn Statement: the case for prudence

By John Hawksworth This Thursday should see the most upbeat Autumn Statement the Chancellor has yet delivered. Public borrowing is on course to undershoot, but rather than contemplate big giveaways, the Chancellor should bank all or most of it. Economic recovery is gathering pace, with UK growth this year expected...

07 November 2013

UK Economy - Out of Intensive Care

By Thomas Fisher and John Hawksworth The UK economy is finally out of intensive care according to our new outlook report. Preliminary data showed growth of 0.8% in the third quarter compared to the previous quarter, with year-on-year growth of 1.5%. While this is still sluggish compared to the growth...

07 October 2013

How long will emerging markets stay cheap?

By John Hawksworth and Conor Lambe The wage gap between advanced economies like the US and the UK and emerging economies such as China, India and the Philippines will shrink significantly by 2030 according to new analysis we have just published (see table below). This builds on an earlier analysis...

16 August 2013

UK household wealth – heading for £8 trillion?

By John Hawksworth There is a lot of attention paid to high household debt levels in the UK, but rather less to the asset side of the balance sheet. To get the full picture you need to look at both. New figures on the national balance sheet released by the...

11 July 2013

UK Economy – Light at the end of the tunnel?

By Jonathan Bruce and John Hawksworth After a couple of years of disappointing growth, our latest UK Economic Outlook report suggests that there is now some light at the end of the tunnel. We project that the gradual recovery seen in the first quarter of this year will continue, with...

04 July 2013

How high will gilt yields go?

By John Hawksworth, Chief Economist No-one is expecting an immediate change in short term interest rates following Mark Carney’s first Monetary Policy Committee (MPC) meeting today, but the market is already focusing on the longer term picture. As signalled by recent rises in US and UK government bond yields, investors...