Not so broken Britain

This monthly commentary gives a round-up of global markets and trends.

In this edition:

• The IMF expects the UK to post the weakest real GDP growth rate out of the G7 economies in 2023, with consumption growth weighed down by high inflation
• In spite of the domestic turmoil, UK stocks have outperformed their international peers, and the dominant commodities sector may get another boost from the reopening of China
• UK stocks may also benefit from optimism that the Federal Reserve is set to pause on US interest rates as inflationary pressures weaken
• With the ‘Great Moderation’ at an end, we also explore the four key megatrends likely to shape the next decade and beyond