UK

Covid economic recovery: US sprint, Italian marathon?

Our recently published Global Economic Outlook included an upward revision to our projections for global GDP growth this year and next.  Across countries, however, there is considerable divergence in the projected dates at which they will recover their pre-pandemic GDP levels.  Output has already recovered its level from before the pandemic struck in China and the US.  But the US is the only one of the G7 economies to have achieved that so far. 

CPI Inflation, August 2021

CPI inflation rose by a large amount (1.2%) and is now at 3.2%.  Part of this increase was due to the “base effect” of the 0.4% fall in inflation last year (July-August 2020) dropping out of annual inflation. The fall in July-August 2020 reflected the Eat out to Help out Scheme and the reduction in VAT for the hospitality sector. However, in addition to this was a very large element of new inflation, with prices rising by 0.7% between July and August.

The Ronaldo effect: what big players mean for the business goals of clubs like Manchester United

The prodigal son returns. In the last few days of a frenzied football transfer window, Manchester United pulled off a dream signing, welcoming Cristiano Ronaldo back to his former club.

Excitement over his return to the Premier League is high – and with good reason. There are only a handful of sports stars on the planet who can generate this kind of global interest.

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