Economic Outlook for 2018




ACG UK’s signature New Year event is now in its seventh year. Kick off 2018 with insights and perspectives from our panel of eminent economists.

Consistently rated as a highlight in the event programme, please join us on 25th January for this year’s insightful event.

Our panel will reflect on their predictions for 2017 and impart their views and expectations for the economy, local and global, over the coming year with emphasis on the implications for mid-market dealmakers and well as broader geopolitical influences.

  • Philip Shaw, Chief Economist, Investec

  • David Powell, Chief Euro-Area Economist, Bloomberg Intelligence

  • David Chmiel, Managing Director, Global Torchlight

  • Stuart Rock, award-winning Business Editor & Writer - moderator

Tickets include entry to the event, peer-to-peer networking opportunities and a light breakfast.

JOIN ACG AND ATTEND THE EVENT FOR FREE. Select one of the Join & Go options. To find out more about membership options:

Members: please enter the promocode provided to register.


Philip Shaw

Philip Shaw

Chief Economist

Philip Shaw has been at Investec since July 1997 when he was recruited to the Group in London, covering both UK and global economic issues. Philip 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 10 years or so.

Before joining Investec, Philip was Chief Economist at Union Discount where he gained a particular expertise in interest rate markets and central bank watching. He started his career with the Government Economic Service and then worked for Barclays as an economist/econometrician. Philip is 55, married with two grown up children, has an economics degree from Bath University and a masters degree in econometrics from the University of Manchester.

David Powell

David Powell

Bloomberg Intelligence
Chief Euro-Area Economist

David Powell is the chief euro-area economist at Bloomberg Intelligence in London. Previously, he worked at Bank of America - Merrill Lynch as a currency strategist. He holds a master’s degree from the London School of Economics and a bachelor’s degree from New York University. David is the author of “The Trader's Guide to the Euro Area: Economic Indicators, the ECB and the Euro Crisis”, which was published by Wiley. He is also a CFA Charterholder.

David Chmiel

David Chmiel

Global Torchlight
Managing Director

David is managing director of Global Torchlight, a political and security risk research and consulting firm. He advises companies in a broad range of industries on the effects of geopolitical risk on their business strategies and operations. He has a particular interest in issues related to the "weaponisation of capital" the use of trade and investment for broader national security and foreign policy purposes.

Prior to co-founding Global Torchlight, David practiced for ten years as a transactional lawyer in the London and Chicago offices of a leading global law firm. His practice focused on advising Fortune 500 companies on their cross-border acquisitions, divestitures and reorganisations.

David contributes to media in Canada, the UK, and the US on geopolitical developments and speaks frequently on these topics at conferences and seminars. He holds an MA in Intelligence and International Security from the War Studies Department of King's College London, an LL.B (Hons) degree from University College London and a BA in Economics and History from the University of Victoria, British Columbia.

Stuart Rock

Stuart Rock

Award-winning Business Editor & Writer

Our moderator today is Stuart Rock. Stuart has been an award-winning business journalist and editor for more than 30 years and is an independent business editor, writer and event moderator. He is a co-founder of World Class Britain (, an evidence-based digital magazine focused on world-class achievement in Britain.

For 17 years, Stuart was the editorial director and one of the founders of business media company Caspian Media. Stuart launched Caspian's titles Real Business - the UK's first magazine for entrepreneurs and today one of the leading websites for the UK SME community - and Real Deals - Europe's market-leading private equity title. He also created Business Voice, the magazine of the CBI, and oversaw the award-winning relaunch of Professional Engineering, the magazine of the Institute of Mechanical Engineers. A graduate of Magdalen College, Oxford, Stuart had previously been editor of the IoD's Director magazine between 1989-1996.

A specialist in the entrepreneurial economy, Stuart is editorial adviser to the ScaleUp Institute, the private sector-led not-for-profit body established in 2015 to make the UK the best place in the world to scale up a business. He was editor-in-chief of and content adviser to the Coalition Government’s Business is GREAT campaign.

Stuart has won numerous editorial and publishing awards, including the title Editor of the Year by the Professional Publishers Association (PPA) for the launch of Real Business. He is a blogger and contributor to several titles, including Huffington Post, Corporate Financier and Professional Management. He has advised many blue-chip corporations and business institutions on their editorial and communication strategies, including IBM, Thales, Atkins and Vodafone. He is also an angel investor in the media sector.

You can follow Stuart on Twitter: @stuart_rock.

Hosted by: ACG