U.S. Outlook: Trouble abroad

Scott Anderson
Posted by Scott Anderson
Chief Economist

On its own, the U.S. economy appears to be on a solid path for growth. But global outlook data suggests there are a few problem spots to watch.

graph of US surprise index trending upward in recent months.For more on this and other economic developments to watch, see highlights of my weekly economic analysis below, followed by a link to the full U.S. Outlook report, delivered on Aug. 29.

Key observations:
  • The interconnectedness of global markets means that deflation abroad could migrate to our shores.
  • Eurozone growth has been sputtering and unbalanced.
  • China’s economy has weakened again despite government stimulus attempts.
  • Economic surprise indexes for the Eurozone, Japan, and Emerging Markets are slipping, indicating weaker than expected economic performance.
  • Fed could hold off on rate hikes to protect against trouble abroad.

Click here to read my full report.

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