Inside Track – March 2019
This month’s topics are:
- Although growth continues to slow (gently) in Asia, Europe and the US, the global economy is in no worse shape than it was a few weeks ago.
- Whatever the length or intensity of the next recession, it will be exacerbated by a context framed by diverse risk categories.
- The outcry over Italy signing a “Belt and Road accord” with China is overblown. China can now access the ports of Genoa and Trieste, having already invested in other European ports.
- On most metrics measuring human progress (ranging from GDP per capita to life expectancy), we’ve never had a better life; yet a surprising number of individuals in high-income countries feel miserable at work.
- “Brexeternity” – At the eleventh hour, all options are back on the table, from May’s deal to a no-deal, from a softer Brexit to a second referendum. But, irrespective of the actual outcome, Brexit won’t be over any time soon.
- Far-right networks are gaining strength, boosted by technology / social media.
- The more technology dominates our lives, the greater the value placed on human interaction – so much so that some analysts now talk about the “luxurification” of human engagement.
- Consumption, travel, housing, etc. are increasingly centred on the individual.