Forecasts
September 19, 2024
Global Quarterly Economic Forecast
Although our global growth forecast has barely budged, it overlooks divergent paths between countries. The U.S. and Canada have benefited from upgrades, while previous growth stalwarts like China and Germany are getting the short end of the stick.
August 22, 2024
The Only Constant Is Change
The 6th century Greek philosopher, Heraclitus, had it right with the idea that nothing is constant but change. He was referring to the universe and life, more generally, but it’s an apt depiction of the economy. After a long period of upside surprises to the economic data, markets are adjusting to a shift in paradigm. Fear moments will dot the landscape until confidence solidifies that the economic path remains a soft landing, and not a hard one.
August 14, 2024
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
What a difference a quarter can make. Financial markets have done a 180 relative to our prior Q&A. From focusing on the risks of persistent U.S. inflation and punting out rate cuts largely into 2025, to now worrying that the Fed is behind the curve and has not cut fast enough!
