Innovation is an important driver of an economy’s productivity growth. If we wish to judge a nation’s medium-term outlook, it is important to understand its innovation ecosystem, including where innovations may occur and how they might diffuse across the rest of the economy. In a world of ‘just-in-time’ supply chains and against a backdrop of US-China tension, the rapid redrawing of supply chains, which is already under way, provides a significant risk to investors. But, there are opportunities too, and our analysis helps identify where these opportunities may arise.
These short- and medium-term considerations inform the scenarios and analysis in Fathom’s quarterly Global Outlook.