Economy

10/14/2021

Economy

US economic growth hit a soft patch in the third quarter due to supply chain constraints, labor shortages, and Delta Variance related slowdown effects. Growth rates will remain higher than normal but have peaked as fiscal and monetary stimulus is waning. Overall, pent-up consumer demand due to supply shortages, supportive fiscal and monetary policy, and favorable credit conditions provide a near-term backdrop for sustained cyclical improvement. There is no sight of a recession ahead.

Economy

July 2021

Global and U.S. Economic Commentary

The global economy continued its strong path to recovery, expanding last quarter at its fastest pace in over 15 years. Vaccination rollouts, the easing of stringency measures, monetary and fiscal stimulus, have contributed it's robust broad recovery.

Global and U.S. Economic Commentary

April 2021

Global and U.S. Economic Commentary

Global economic growth is accelerating and projected to reach 6.1%, and 7.2% in the United States in 2021. Recovery is being fueled by massive fiscal and monetary policy support. With the vaccination rollout gaining pace unleashing trillions of dollars in economic activity.

Global and U.S. Economic Commentary

January 2021

Global Economy Continues to Grow, Despite Covid

The global economy continued to grow at a firm pace at the end of 2020. Rising COVID cases and renewed lockdowns in many parts of world have so far inflicted only limited damage on the global economy.

Global Economy Continues to Grow, Despite Covid

October 2020

Driving Toward Recovery

The pace of the recovery in 2021 will depend not only on the course of COVID, as well as development of vaccines, and therapies, but also public policy.

Driving Toward Recovery

July 17, 2020

Buckle Up for Bumpy Recovery

Fundamentally, conditions show a remarkable improvement thanks to the government’s quick fiscal and monetary response. Without question, I think the worst is behind us, but the recovery path remains bumpy.

Buckle Up for Bumpy Recovery

April 1, 2020

Second Quarter Collapse in Economy Seen as a Transitory Natural Disaster

The 2019 4th Quarter GDP report shows the economy was holding up well before the Covid-19 pandemic. Economists' projections for the next few quarters vary considerably, but most show only one quarter of negative growth.

Second Quarter Collapse in Economy Seen as a Transitory Natural Disaster