Blog: July 2019
The pervasive digitalization of daily life is ultimately to the credit of a tightly integrated manufacturing ecosystem centered in the Pacific Rim. Relentless advances in efficiency drive down the cost of producing myriad electronic devices, including mobile phones, the key consumer platform for the latest wave of digitalization. As these devices are distributed around the world, those falling production costs show through to consumer price trends.
There is a one-in-four chance that the UK economy has already slipped into a technical recession.
Coverage of the new forecasts we released today at the National Institute of Economic & Social Research (NIESR) focused, quite rightly, on our warning that there is a one-in-four chance that the UK economy has already slipped into a technical recession, with the possibility of a severe downturn in the event of a disorderly no-deal Brexit.
Growth mindset has gained a strong following in recent years. Originating in the work of American Psychologist Carol Dweck, it juxtaposes fixed and growth mindsets. A fixed mindset has you seeing your qualities as unchangeable - you’re either intelligent or you’re not. Those with a growth mindset believe instead that engaging actively in learning makes them more intelligent.
In recent times we have received some good news about the Spanish economy. GDP has accelerated slightly in the first quarter of 2019, and the performance of the labour market has been promising. The unemployment rate has decreased considerably since reaching its peak in 2013 (26%), and Spain has just been released from the tight supervision of the European Commission’s Significant Deviation Procedure in which was immersed since 2009.