U.S. Outlook: Trouble abroad

Posted By Scott Anderson In Economic Outlook | No Comments

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. [1]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. [2]

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URL to article: https://changematters.bankofthewest.com/2014/08/29/u-s-outlook-trouble-abroad/

URLs in this post:

[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2014/08/graph_USsurprise_082914.jpg

[2] Click here to read my full report.: http://blog.bankofthewest.com/wp-content/uploads/2014/08/BankoftheWest_USOutlook_08_29_14.pdf

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