Forecasts
March 18, 2025
Global Quarterly Economic Forecast
Once again, policy shifts from the Trump administration are the main forecast theme this quarter, underpinning a downgrade to the global outlook. There is no way of knowing with certainty what tomorrow will bring in this on-again, off-again policy environment, forcing us to lay out a balanced set of assumptions to underpin this forecast cycle.
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 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.
