Africa has long been a continent of unfulfilled promise but is it poised to finally become the economic force it wants to be? Investment in infrastructure like railways, roads and ports could light the touchpaper to a brighter future.
Investors today are paying a relatively high price for domestically focused UK companies compared with their multinational peers, which seems counter-intuitive given Brexit uncertainty. For investors, this divergence is creating both opportunities and challenges, which are the focus of our lead article “Digging below the surface of UK indices".
This year marks the hundredth anniversary of the Russian Revolution. The communist uprising of 1917 was neither the first nor the last time that the country faced a chance to embrace freedom, yet on each occasion the opportunity has been lost. Are there any grounds to expect genuine change in the future or is the Russian psyche somehow inherently averse to democracy as we know it?
Classic sitcoms Yes, Minister and Yes, Prime Minister popularised the notion that true political power is held not by elected officials but by éminences grises who operate behind the scenes.
Quantitative easing and low interest rates may have helped restore economic stability, but they have failed to deliver meaningful growth. A growing number of economists and policymakers are blaming demographics — we are having too few babies and living too long.
We are hearing increasing calls that ‘Abenomics’ — Japan’s Prime Minister Shinzo Abe’s strategy for economic revival — has failed. We wish to challenge those voices.
Europe has long been seen as the unloved problem child of the developed markets, beset with fiscal problems, threatened with disintegration and unable to escape from chronic underperformance. Now it is the new favourite. But can Europe justify its new-found popularity and higher valuations?
With all the major regions of the global economy growing in synch, investors are shrugging off political uncertainty. Equities have been buoyant, particularly in the US technology sector, where rising valuations are the focus of our lead article “Great tech-spectations”.