Philip Shaw
Philip Shaw
birth born brain certain children environment genes influence inherit intelligence interact less likely might trajectory
Children might inherit certain genes that incline them to interact with their environment in very 'stimulating' ways. This stimulation could then influence brain development. . . . What is less likely is the idea that we are born with a certain set of genes which 'fix' at birth our intelligence and the trajectory of our brain development.
agile happening might minds people tend
That might be happening more efficiently in the most intelligent children. People with very agile minds tend to have a very agile cortex.
although bit fall inflation month next numbers picking signs time wage
The fall in unemployment is a bit of a surprise. There are no signs for the time being that wage inflation is picking up although the numbers next month will be critical.
above cut economy grow interest rates reluctant signs
If there are any signs that the economy will grow at or above trend, then the MPC will be even more reluctant to cut interest rates again.
forecasts gordon
In reality, Gordon Brown's forecasts will have to be slashed to around 1.75 percent,
economy global last rally
The global economy has done pretty well and we had an end-of-year rally last year, which is continuing.
cannot changing economy economy-and-economics five growing next pace quarters situation year
The economy has been growing at a sub-par pace for five quarters now and we cannot see that situation changing over the next year or so.
account current deficit due earnings greater overseas
The current account deficit was very disappointing. What we hadn't factored in was the greater outflow due to overseas earnings in the UK.
call clearly expected figures interest july near pressures question raise rates whether
The figures are significantly better than expected and may call into question whether the MPC will raise interest rates at its July meeting. Clearly there are no inflationary pressures in the near term.
although core expected figures improvement petrol prices rate
The figures are better than expected and although petrol prices have come down, there is an improvement in core rate of inflation.
background bag despite figures general higher inflation input low mixed output price quite remains striking
The figures are a mixed bag but what's quite striking is how low output price inflation remains despite the general background of higher input costs.
below changing five growth main next output point quarters though trend year
The main point though is that output growth has now been below trend for five quarters and we can't see that changing over the next year or so,
main message mortgage strength
The main message here is the unremitting strength of the mortgage market.