UK: Stagflation nation?

The UK economy is stagnating. The struggling Conservative government may attempt to revive the economy through targeted tax cuts at its upcoming Autumn Statement, though this could underpin already sticky inflation. We explore what the opposition Labour Party would do should it gain power and observe that there are opportunities in equities and fixed income despite the lacklustre macro backdrop.

 

Regional developments: Canadian housing affordability still under pressure; U.S. inflation slowed more than expected in October; Softer inflation results boost European equities; Progress made on U.S.-China relationship at APEC summit

Please take some time to review the Global Insight Weekly.

Feel free to contact us with any questions and/or to discuss investment ideas.

We appreciate the opportunity to serve you and look forward to continuing to help you accomplish your long-term financial goals.

Past performance is no guarantee of future results.

Privacy & Security | Legal | Accessibility | Member-Canadian Investor Protection Fund

 

RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ®Registered trademarks of Royal Bank of Canada. Used under license. © RBC Dominion Securities Inc. 2023. All rights reserved.