One economy still feels like it’s running on espresso. The other is starting to feel a bit more decaf. But is it really that simple?
Recent data suggests a familiar pattern: resilience in the US economy and a softer backdrop in the UK. In the US, the labour market remains firm and activity levels are holding up well. In the UK, services and employment data point to a more fragile picture.
But beneath that surface, the story is less clear and markets are trying to work out what reflects genuine strength. How can investors make sense of this tale of two halves?
This week, Jane Parry, Chief Marketing Officer, is joined by Richard Champion, Co-Chief Investment Officer, to discuss:
- Why US growth continues to look resilient and what’s driving it
- What weaker UK data (particularly in services and employment) is signalling
- How inflation and energy prices are shaping the outlook for both central banks
- Why the key question may now be how sustainable growth really is.
This episode highlights an important consideration: it’s not just about how strong growth looks today, but how long it can last.
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