All Posts Tagged: global economy

U.S. Outlook: Dark clouds loom over the global economy

Scott Anderson
Chief Economist

Bad news about the global economy seems to be piling up.

Last week the OECD cut its 2019 global growth estimate to only 3.2% from 3.3% forecast just two months ago. I suspect that most economists will be getting out their pencils to lower global economic growth estimates for this year and next. Economic surprises have remained uniformly negative across most of the world through the middle of May, implying that economic indicators are still falling well short of economists’ diminishing expectations.

dark-clouds-manufacturing-outlook

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on May 24.

Key observations:

• Manufacturing segments in two-thirds of major economies either at threshold between expansion and contraction or in decline.
• U.S. stocks are vulnerable to protracted China trade war.
• Recent readings of both U.S. manufacturing and services sectors bode ill for future GDP growth.

Read the full report.

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Oh, what a year it’s been: Excerpts from our 2018 year-end review

Wade Balliet
Posted by Wade Balliet
Investment Strategy

2018 was a difficult year for financial markets with most major asset classes ending the year in the red.

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Investment Insights: tech, tariffs, and Trump

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Several young professionals sitting on a bench, chatting while looking at various tech devices.

Amid the market’s swings, there have been three themes dominating headlines and moving markets across the globe.

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U.S. Outlook: Global malaise

Scott Anderson
Chief Economist
Graph showing up and down trends in China exports over past several years.

The global economy continues to be one of the biggest risks for the U.S. economy over the near term.

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Attitude check: Small business owners say it’s all worth it

Michelle Di Gangi
Small Business Banking
Top view of Asian American male business owner at a wooden table in coffee shop, taking notes and looking at his laptop

Small business owners appear confident in their near-term business success, and they continue to invest the time and resources to get there.

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