Investec Chief Economist to give Guernsey presentation on Eurozone economic outlook on 15 May 2012

May 5th, 2012 by Investec Bank Channel Islands Limited

Philip Shaw of Investec (click image to expand - image courtesy of Investec)

THE Euro crisis will be at the centre of a presentation by Philip Shaw, Investec’s chief economist, who will lead a breakfast briefing in Guernsey on Tuesday 15 May 2012 focusing on fears over Spanish fiscal policy with key elections in France and Greece.

‘UK growth disappointed last year with a number of factors resulting in considerable volatility in the economic data,’ said Mr Shaw.

‘This year looks to be both uncertain and volatile with factors such as spending cuts, the Eurozone crisis and even drought playing a key role. I will also be raising the question over whether there is more traction to global economic growth this year,’ he said.

‘We are delighted that Philip is able to return to Guernsey to host this year’s breakfast briefing as his presentations are always extremely insightful and interesting. This year we have decided to extend invitations not just to the island’s business leaders, but also to sixth form economics students from the island’s schools and colleges and I am sure that those attending will find the presentation interesting and highly topical,’ said Stephen Henry, head of Investec Bank (Channel Islands) Limited.

The students attending will also be invited to take part in a competition predicting several economic indices to win an iPad.

Mr Shaw is regularly interviewed on television and frequently quoted in the national and regional press on economic issues and is a regular commentator on the state of the economy and generally on business.

Mr Shaw began his career within Investec Private Bank in 1997 in London and covers both UK and global economic issues. He has devoted much of his time to working in Investec’s Capital Markets area but has been part of the Investec Securities’ team for the past seven years.

Before joining Investec Bank, Mr Shaw, 50, who is married with two children, was chief economist at Union Discount where he gained particular expertise in interest rate markets and central bank watching. He started his career with The UK Government Economic Service and then worked for clearing bank as an economist. He has an economics degree from the University of Bath and a Masters degree in econometrics from the University of Manchester.

Members of the public are also invited to attend the breakfast briefing, which will take place at The Colborne Room, Old Government House Hotel from 8 am on Tuesday 15 May. Should you wish to attend, please email ibcievents @ by Friday 11 May 2012.


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