Forecasts
February 19, 2025
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
In just four weeks since assuming office, President Trump has issued a record number of executive orders (EOs) and is spinning markets with new tariff announcements by the day. No surprise, this quarter's Q&A is dominated by discussions on potential impacts. We have changed our forecasts for interest rates and economic growth, most notably for Canada.
December 12, 2024
Global Quarterly Economic Forecast
Stronger-than-expected growth momentum would have set the stage for 2025 growth upgrades in both the U.S. and Canada. However, in light of downside policy risks – notably U.S. tariffs – projected growth rates have been kept largely intact relative to September.
December 05, 2024
Economic Outlook Gets Trumped!
Starting points matter for a new administration. President Trump will be inheriting a strong economy that has been beating forecasts by a statistical mile! This works to the advantage of Republicans in 2025. Households have more cushion to absorb some economic pain from a tariff war compared to the economies of trading partners that are treading water.
