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Disclaimer

Last updated: 30 August 2026

Terminus is a macroeconomic forecasting and advisory firm. Nothing on this site constitutes personalised investment advice.

Public research and forecasts

The macroeconomic reports, forecasts and track record published on this site and in the terminal are general information. They are not tailored to any individual's circumstances, objectives or risk tolerance, and they are not a personal recommendation to buy, sell or hold anything.

Advisory engagements

Advisory work is separate from the public research. It is provided only under a written agreement whose scope, deliverables and limitations are defined in writing before the work begins. Any view given inside an engagement applies to that client, that scope and that period, and must not be relied on by anyone else.

No guarantees

Forecasts are probabilistic. Past forecast accuracy is not a guarantee of future accuracy, and economic outcomes can diverge sharply from any modelled baseline.

Your responsibility

Any decision you take after reading our research is yours alone. Consider taking independent professional advice before acting.