The Weekly Brief (13 July 2015) - J.P. Morgan Asset Management
CLOSE

The Weekly Brief (13 July 2015)

Contributor Global Markets Insights Strategy Team

Wimbledon marks the start of the British summer but as the weather heats up, the UK economy is cooling off. In the Summer Budget 2015 last week, George Osborne introduced various supply-side measures including a Living Wage Premium, which could encourage corporates to improve their labour productivity.

In response, the UK Office for Budget Responsibility revised its forecast for unemployment back up to 5.4% (after revising it downwards to 5.3% in the March Budget). But this downward revision stems partly from the anticipated increase in productivity – the forecasted average for 2015-2019 was revised upwards by 0.1%. The key to economic recovery in the UK is the return of productivity growth to a sustainable level. When, or rather if, output per worker returns to its pre-crisis trend is difficult to predict. Yet if achieved, game, set and match.

Download the full report:
The Weekly Brief 13 July 2015

Related products

JPM Global Macro Opportunities Fund
Leveraging global macro themes to generate performance. This fund targets positive returns in various market conditions by capitalising on the opportunities created by economic trends within a risk-controlled framework.
JPM Multi-Asset Income Fund
Using a flexible approach that seeks only the best income opportunities from around the globe, our Multi-Asset Income Fund aims to provide investors with a consistent and attractive income stream and the opportunity for capital growth.
JPMorgan Global Growth & Income plc

The JPMorgan Global Growth & Income plc seeks out strong long-term returns by investing in a best ideas, high-conviction portfolio from across the world's stock market. The Company also delivers predictable quarterly income distributions which are set at the beginning of its financial year.

Important information

Please be aware that this material is for information purposes only. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all-inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. JPMorgan Asset Management Marketing Limited accepts no legal responsibility or liability for any matter or opinion expressed in this material.

The value of investments and the income from them can fall as well as rise and investors may not get back the full amount invested. Past performance is not a guide to the future.