We live in interesting times. Whether you’re talking about Brexit, business uncertainty or foreign currency and international money transfers, the financial and economic climate is dominating the headlines.
Last week members of the Bank of England’s Monetary Policy Committee decided to cut interest rates from 0.5% to 0.25% – the first reduction since 2009. At the same time the Bank announced a £70 billion quantitative easing programme in an attempt to stimulate the UK economy following Brexit.
According to one of the panel of influential experts that contributed to our report – The Magnificent Se7en: The 7 unavoidable global trends facing your business today – economic levers, which were once considered unconventional, are now being used to stimulate growth.
Small to medium sized enterprises (SMEs) and corporate entities are sensitive to local, regional and international shifts and the economic trends and insights in the report show how evolutionary and revolutionary global trends are very real for them.
Some of these include: the British public’s decision to leave the EU in June, a coup attempt in Turkey and terror attacks in France and Germany. There is also a new government and prime minister in Westminster. All of this has been accompanied by sharp volatility in the currency and stock markets.
The global trends The Magnificent Se7en looks at include:
- Brexit, Trump and the rise of populism
- The productivity slump
- Is it time for governments to give up austerity?
- What do global trends mean for mini-multinationals.
The influencers featured in the report are:
- Stephanie Flanders, economics expert from JP Morgan Asset Management
- Linda Yueh, adjunct professor of economics London Business School
- Dr Paola Subacchi, director of the international economics department at Chatham House
- Sony Kapoor, managing director of think tank Re-Define
- Fiona Greiner, chief financial officer of Matchesfashion.com.
Download The Magnificent Se7en now.
Further reading: Plummeting pound prompts UK SMEs to “fix-it” following Brexit volatility