41 articles for "John Hawksworth"

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...

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...

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...

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...

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...

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...

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...

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...