Okanagan Wine Economy Questions

This post first appeared on my travel blog - as it focuses on economic questions about the wine ecosystem in British Columbia, I'm also reposting it here. It highlights the pressures to consolidate within the industry, the drivers of the sector's proliferation, the challenges of resource use (water, biodiversity and food supply) as well as… Continue reading Okanagan Wine Economy Questions

Lingering Questions post G20

The major market takeaway from the G20 is the U.S.-China trade truce which defers the imposition of new tariffs from the U.S. and keeps/return the two countries to negotiations. This avoids a negative outcome of tit for tat tariffs in the near term, confirming some recent market optimism, but leaves many unanswered questions. Among areas… Continue reading Lingering Questions post G20

Spring Meetings: Growth and Debt Worries, Investors More Optimistic

I’ve just returned from several days in Washington at the Spring Meetings of the IMF and World Bank, where I spoke to a range of investors, policymakers and academics. Overall, the mood was subdued, colored by continued concerns on growth, trade risks and other sources of policy uncertainty including central bank independence. While most thought… Continue reading Spring Meetings: Growth and Debt Worries, Investors More Optimistic

IMF/WB Spring Meetings: What I’m watching for

The IMF and World Bank Spring meetings kicked off this week in Washington, and are a good opportunity to take the pulse of global investors and policy makers on global risks and opportunities - emphasis likely to be on the former. The institutions own forecasts for growth signal another downgrade in expectations, perhaps catching down… Continue reading IMF/WB Spring Meetings: What I’m watching for

Global: Clouded Growth, Supportive Monetary Stance

Since the beginning of the year, two major potential downside policy risks have receded, the risks of overtightening of financial conditions due to Fed and other central bank tightening and a further escalation of the tariffs associated with the U.S. China trade war. The combination has led to a strong asset market rally and reversal… Continue reading Global: Clouded Growth, Supportive Monetary Stance

Some Thoughts on the 2019 Outlook

2019 set to be a tougher year... Growth momentum has weakened in the second half of 2018, particularly in European and Asian exporters, who are responding to the end of above potential growth of the last few years, which has moderated final demand growth. Tariffs, restrictions and tighter financing costs have reinforced this trend, making… Continue reading Some Thoughts on the 2019 Outlook