The outcome of the Greek referendum now heralds a prolonged period of political and financial uncertainty.
The world will continue to become more integrated in the future. We expect global trade in goods to grow from $10 trillion in 2013 to around $18 trillion in 2030 (in real terms). The implied trade growth of 3.3% per annum will be important driver of global growth over the period.
GDP grew by 0.3% in the second quarter across the EU, underpinned by strong performance in North & Central Europe. A period of two-speed growth is emerging – ‘North-South divide’
Strengthening growth in the UK economy. Two main growth sources – the turnaround in Europe and UK consumers regaining confidence