Europe

Smartphone sales highlight new trends in consumer markets

Smartphone markets continue to provide early warning of the major changes taking place in consumer markets. And Q4 data confirms the old rules are becoming less and less relevant:  As the chart shows, market positioning is now all-important. Apple are stretching their lead in the ‘sweet spot’ of the value chain – design – and

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The Great Reckoning for policymakers’ failures has begun

Next week, I will publish my annual Budget Outlook, covering the 2018-2020 period. The aim, as always, will be to challenge conventional wisdom when this seems to be heading in the wrong direction.  Before publishing the new Outlook each year, I always like to review my previous forecast. Past performance may not be a perfect […]

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Europe’s migrant influx threatens Schengen

Europe’s migrant crisis is creating a risk that the free movement of individuals and trade within Europe might be restricted.  We take this for granted today, as the Schengen Agreement of 1995 has largely abolished border checks within 26 European countries – covering a population of over 400 million people and an area of 4,312,099 square […]