U.S. Outlook: More signs of weakness in global production

Posted By Scott Anderson In Economic Outlook | No Comments

We received more confirmation this week that global manufacturing activity in September continues to slow, though there are no clear signs, yet, of a global recession.

Graph showing quarterly GDP performance, both actual and forecast [1]At the same time, global inflation is slipping.

For more on this and what these signs of weakness may mean, see my full report. Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on Sept. 25.

Key observations:
  • Producer prices are contracting steadily in Europe, Japan, China, and the United States.
  • Delayed action from the Fed (on raising interest rates) should weaken the U.S. dollar and stabilize commodity prices, all else being equal.
  • We are trimming our business investment forecasts for the next six quarters.
  • Consumers will continue to drive moderate economic growth in the United States.


Click here to read my full report. [2]

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URL to article: https://changematters.bankofthewest.com/2015/09/25/u-s-outlook-more-signs-of-weakness-in-global-production/

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[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2015/09/graph_gdpforecast_092515.jpg

[2] Click here to read my full report. : http://blog.bankofthewest.com/wp-content/uploads/2015/09/BankoftheWest_USOutlook_09_25_15.pdf

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