All Posts Tagged: global economy
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.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on May 24.
• 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.Read More ›
2018 was a difficult year for financial markets with most major asset classes ending the year in the red.Read More ›
Amid the market’s swings, there have been three themes dominating headlines and moving markets across the globe.Read More ›
The global economy continues to be one of the biggest risks for the U.S. economy over the near term.Read More ›
Small business owners appear confident in their near-term business success, and they continue to invest the time and resources to get there.Read More ›