All Posts Tagged: growth

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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Business growth signs remain in view during 2017

Kristin Nelson
Wealth Management Strategy
3 women business owners in a meeting. one of whom is talking while holding a tablet.

Most signs point to U.S. business owners having a good year — though there may be some hiccups along the way.

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U.S. Outlook: A sobering budget forecast

Scott Anderson
Chief Economist
Graph showing projected rise in national debt

The Congressional Budget Office (CBO) updated its economic and federal budget outlook for the next 10 years, and we find the budget path quite sobering.

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The personal qualities make a difference

Michelle Di Gangi
Small Business Banking
Male small business owner with his young blond son amid bunches of growing greens as they inspect the plants

What became clear is that small business owners believe confidence and passion drive success – perhaps even more so than traditional business smarts.

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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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