The litmus test for the global economy

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 […]