mainly macro: In defence of George Osborne over Brexit – Simon Wren-Lewis

English: East entrance of HM Treasury Français...

English: East entrance of HM Treasury Français : Entrée Est de HM Treasury (Photo credit: Wikipedia)

This is a recommended read by Simon Wren-Lewis, the respected Oxford economist. Knowing his liberal political leanings, it is significant that he comes to the defence of George Osborne over Brexit.

Source: mainly macro: In defence of George Osborne over Brexi – Simon Wren-Lewis

Of course, there can be different views about presentation, packaging and window-dressing but the Treasury‘s evidence on Brexit is compelling. This, of course, is echoed by the Bank of England.

Britain will remain better off remaining part of the EU.

Outcomes from the High-Level Symposium on Excess Capacity and Structural Adjustment in the Steel Sector – OECD

English: The logo of the Organisation for Econ...

English: The logo of the Organisation for Economic Co-operation and Development (OECD). (Photo credit: Wikipedia)

The OECD reports on a  High-Level Meeting on excess capacity and structural adjustment in the steel sector convened on 18 April 2016, at the Palais d’Egmont in Brussels, co-organised by the OECD and the Belgian government.

Source: Outcomes from the High-Level Symposium on Excess Capacity and Structural Adjustment in the Steel Sector – OECD

The situation concerning steel is worrying. It highlights the weakness of economic growth. If we factor in political uncertainties, there are increasing risks of black clouds on the geopolitical horizon.

Thoughts?