Our monthly economic reviews are intended to provide background to recent developments in investment markets as well as to give an indications of how some key issues could impact in the future.

It is not intended that individual investment decisions should be taken based on this information; Bruce Janman and his colleagues are always ready to discuss your individual requirements. We hope you will find this review to be of interest.

August 2008
While the Bank of England warns that the economic slowdown could last for several years, this need not necessarily be a bad thing; respected economist Roger Bootle (writing in the Telegraph 25/8/08) suggests that we really have nothing to fear from recession.

We have witnessed economic cycles many times before (since biblical times, if you consider “seven years of plenty … followed by seven years of famine”) but it is only since the 1930s that fluctuations have been seen as intrinsically threatening. This perhaps has its ultimate incarnation in Gordon Brown’s claim to have put an end to ‘boom and bust’. In fact, it is arguable that the business cycle is cathartic; cutting out ineffective businesses and strengthening efficient ones.

Please click here RBA_Economic_Review_080901_-_August.pdf (87.12 kb) to read the full review.