Today corporates are having to dodge numerous bullets – not least Brexit, fears over a synchronised global slowdown, US-China trade tensions and a General Election. Little wonder therefore that UK business investment fell -1.4% YoY in Q2’19.
Fortunately, GDP continues to tick along at a modest 1.0%-1.5% pace, on the back of low unemployment (3.9%), resilient consumer spend (+2.5%), benign interest rates (0.75%), rising wages (3.8%) and modest inflation (1.7%).
However of late, a few cracks have started to appear, with several recruitment firms citing weaker C-suite and candidate confidence. Gattaca saying this morning, that it too had experienced some “softening” in Q1’20.