The art of investment is combining a top-down network approach with a bottom-up model-based understanding of economic interactions.
We deliver industry-leading economic insight on where the returns lie and what the risks are, through client-driven consultancy at market cost.
Our research and consultancy service is founded on three fundamental pillars:
Our market economics proposition is unique in the independent economic research world. It has become an industry benchmark, disrupting traditional disconnected research specialisms in an interconnected and reflexive global financial eco-system.
Our track record of outperforming institutional analytical models spans over two decades. It is built on accurate market analysis, consensus-leading policy predictions and timely foresight on the drivers and consequences of the Global Financial Crisis, across core economies, public finances, central bank policy and asset class themes.
Our depth is not measured by the ammount of detail we include in our research but by the longevity and impact of our core convictions. Our research is regularly flagged by clients as a guide for future thought development. We are committed to our proposition of economic rigour, market scope and research value.
An established track record and strong client relationships based on trust contribute half of the success of a macro-financial research product. The other half is less visible but crucial – market competence, analytical performance and client process functionality. That’s what makes a valuable client service.
Consensus-leading market economics intelligence at your fingertips:
g+Exchange An interactive network of insights on key market, policy and macro developments.
g+ThinkLab Clients deliver a topical or thematic issue for research and debate.
g+Challenge Forums and meetings with leading policy experts to discuss investment themes, refine investment thought processes, challenge market theses, and launch new ideas.
In a MiFID II unbundled-research world, traditional investment insight delivery channels are becoming disrupted. New aggregator models encourage increased supply traffic, driving up opportunity costs for clients as subscription costs are locked in.
At the same time, traditional dealer research providers are cutting back on research cost and expert staffing, driving down quality, breadth and depth. Assuming a transparent bank pricing model, a typical research report would incur a client cost in the range of £1,350-2500 based on a two-analyst effort, or £55,000 per day based on a typical 40-analyst bank research group (2017 estimates). Potential disruption to meeting client research needs for the purpose of asset allocation decisions could be much costlier.
We have a different cost model and a direct application into clients’ treasury management and asset allocation decisions. Our clients to receive insight in a structured, auditable and transparent way, consistent with their own compliance obligations and the highest professional ethical standards.
Our fintech solutions mean that our clients are fully compliant with incoming regulation. Our clients’ efficiency gains are commensurate to the scale of market disruption and marginal compliance costs.
Demand better. Question the conventional wisdom of the day.
Whatever the macro-risk financial climate, the evolution of international economic trends and financial interconnections can alter macro-financial relationships. Our focus is on indentifying actionable opportunities, and real risks, across the economic, geopolitical, technological, environment and social spectrum.
The art of successful investing is predicting the direction of macro risk travel.
Whatever the macro-risk financial climate, evolving international economic trends and financial interconnections can create actionable opportunities and real risk management demands. The art of successful investing is predicting the direction of macro risk travel >>>
FT Long View: Mind the gap between the markets and the real economy (18/04/2020)
Market Talk Roundup: Coronavirus Removes Safety Net for Investors, G+ Economics Says (09/04/2020)
FT Market Forces: A chasm between Wall Street and economic winter (09/04/2020)
Coronavirus Removes Security of Central Bank Aid, G+ Economics Says -- Market Talk
Investors Must Learn to Reprice Assets After Pandemic -- Market Talk
Sustained Recovery Seen a Long Way Off -- Market Talk
Coronavirus Hit an Already Fragile Economy, G+ Economics Says -- Market Talk
Pandemic Amplifies Cracks in Financial System -- Market Talk
Scope for 'New Level of Entrepreneurship' After Crisis -- Market Talk (09/04/2020)
International Financing Review: Fed launches repo program for foreign central banks (31/03/2020)
Bloomberg TV: Global Economy Set for Battering Not Seen in Decades - The coronavirus pandemic is not a "black swan" so much as "a series of extraordinary events that have opened up several lines of global systemic fragility," according to Lena Komileva, chief economist at G Plus Economics. She speaks to Anna Edwards on "Bloomberg Markets: European Open." (25/03/2020)
FT Market Forces: Softening the blow is not a cure (18/03/2020)
FT Market Forces: A fiscal and monetary prescription (11/03/2020)
FT: Lagarde to confront coronavirus crisis at ECB policy meeting (09/03/2020)
FT: Fed decision to go it alone bucks history of collaboration (05/03/2020)
FT Market Forces: Failing to calm the churning waters (03/03/2020)
FT: Investors seek clues on new thinking as Lagarde launches ECB review (23/01/2020)
FT: ECB’s new faces give investors pause for thought over policy shifts (13/01/2020)
FT: Eurozone economy set to slow further in 2020 — FT poll (26/12/2019)
FT poll: Christine Lagarde expected to change ECB inflation target (22/12/2019)
Bloomberg Surveillance: Stocks, bonds, currencies and commodities. Lena Komileva joins Francine Lacqua in London and Tom Keene in New York. (12/12/2019)
FT Market Forces: Jamming the pause button for an extended period (11/12/2019)
Khaleej Times (UAE): Europe needs a fresh shot of ideas to flourish (09/11/2019)
CNBC.com: Sterling falls after Bank of England split on interest rate cut (07/11/2019)
Politico.EU: Lagarde’s political bent leaves critics fearingfor ECB independence (04/11/2019)
FT: ECB vows to hold rates at historic low until inflation picks up (24/10/2019)
Yahoo Finance: Gold Steadies as Powell’s Inflation Quest Offsets Encouraging Jobs Report (04/10/2019)
FT Market Forces: Awaiting a hawkish delivery (17/09/2019)
BBC Radio 4 Today programme: “ECB to do whatever it takes” - Lena Komileva, chief economist and managing director of G+ Economics, discusses what the ECB is likely to do, when interest rates are already negative. "There is a general agreement that the ECB has to follow up on reassuring words with action, a broad range of a blend of action, rates, asset purchases, guidance, a promise to do what ever it takes - again. It's clear that the ECB's toolkit is rather maxed out," she told BBC Radio 4's Today Programme.(12/09/2019)
Investing.com: Sterling Struggles to Hold Gains after U.K. Jobs Report (10/09/2019)
Germany’s Boersen Zeitung: “Rezessionsangste schuren Debatte uber Konjunkturstutze / Recession fears spur debate about economic stimulus” Lena Komileva speaks to Germany’s Boersen Zeitung chief economics correspondent Mark Schrörs together with Lucrezia Reichlin, Stefan Kooths, Stefan Schneider and Christoph Schmidt (23/08/2019)
Bloomberg Businessweek: What a Yield-Curve Inversion Really Says About the U.S. Economy. A reliable recession indicator has lost some of its power to predict. (22/08/2019)
FT: Germany confronts growing risk of economic slowdown (13/08/2019)
Bloomberg TV: Komileva Says Wall of Liquidity Is Hitting Capital Markets (17/07/2019)
Investing.com: Forex - Dollar Drops as Commodity Currencies Shine on Rate Outlook (12/07/2019)
WSJ Real-Time Economics Special Edition: U.S. Hiring Rebounds (05/07/2019)
In my closing address to the 2019 #FXBUYSIDE Europe Summit I argued that markets face a web of geo-economic risks:— Lena Komileva (@komileva) June 17, 2019
- Politics of debt
- Politics of FX
- Politics of protectionism
The war b/n reflationary fiscal deficits & contractionary econ wars will determine the growth outlook pic.twitter.com/rgoN4C0Pff
WSJ Pro: Where Do Markets Go From Here? Rally or Collapse, Warns Economist, From uncertainty to unpredictability, says G+ Economics By Jessica Fleetham (28/06/2019)
Bloomberg TV: Best Place Is in Cash at the Moment, Says G Plus Economics’s Komileva (10/06/2019)
Marketwatch: Why the path for stocks and other markets now depend ‘critically on politics’ (10/06/2019)
Bloomberg News: Stocks Advance, Peso Surges on Mexico Trade Relief (09/06/2019)
Bloomberg TV: Economist Komileva Views U.S. 10-Year Yield as the 'New VIX’ - Lena Komileva, chief economist and managing director at G Plus Economics, discusses market signals from the declining U.S. 10-Year yield. She speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets." (Source: Bloomberg) (28/05/2019)
CNBC.com: German auto sector could drop as much as 12% if Trump announces tariffs, analyst says (15/05/2019)
Bloomberg TV: We Are in Extremely Binary Markets at the Moment, Says G Plus Economics’s Komileva (25/04/2019)
MarketWatch: How far can stocks rally on dovish Fed? It depends on the data (31/01/2019)
FT Market Forces: A weaker dollar favours risk appetite (31/01/2019)
Bloomberg TV: Komileva, Todd on the Future of Brexit (16/01/2019)
FT Market Forces: Investors in thrall of the market tug of war (07/01/2019)
FT Market Insight: Market challenge for the Fed is just beginning (07/01/2019)