Back in March, Russia’s authorisation of its armed forces to be used in Ukraine brought about widespread condemnation, particularly from the EU1 and the US.
With 1st July being the first anniversary of Mark Carney’s tenure as Governor of the Bank of England, now is as good a time as any to take stock of how the UK economy is performing.
Coherent, consistent and successful. Those were the words used by Ben Bernanke in November 2013 to describe the Fed’s endeavours to enable the US economy to recover from the massive hits it took in 2008.
When localizing the global economy to nation-state level, there is understandably often a clear link with a country’s history. Despite its modernization Thailand has such a link, which to a large extent explains its middle income trap.