So the summer is finally over and things can start getting back
to "normal". And it is welcome news that two leading City
institutions – Credit Suisse and Morgan Stanley – have
cancelled predictions of a Brexit recession and lifted growth
predictions for 2016 and 2017, removing the expectation of a
recession. The upward revisions followed good August results in the
three main purchasing manager surveys — for the services,
manufacturing and construction sectors.
The summer months used to be called the "silly
season", when the press attempted to keep their readers (and
advertisers) happy by publishing frivolous stories to fill their
pages. But in the era of 24-hour worldwide rolling news, this is no
longer the case. What with the US elections, fighting in Syria,
terrorist outrages, attempted coups, not to mention the Olympic
Games, news has continued to roll right through the summer. For any
of you who did manage to switch off during the break, welcome back
to the
