12 March 2019
Monthly Economic Update
Every month, our economists study the macroeconomic situation. They analyse the events that have had an impact in recent months, and discuss possible consequences.
March: In like a lion, out like a lamb?
March is shaping up to be a big month for geopolitics. A deal between the US and China appears close, which could see financial markets rethink their ultra-cautious expectations on US central bank policy. Concerns about global growth could start to fade too. That said, a handful of stumbling blocks could yet scupper a US-China deal. Meanwhile, the threat of a ‘no deal’ Brexit, and tariffs on EU cars, mean the uncertainty facing policymakers and investors will remain high.