Section 1. Q4 2018 Outlook Economies Diverge and Divisive Politics Dominate A year ago, global economies were enjoying synchronized growth. Growth increased in every large economy during 2017, except Britain, and even in most emerging economies. Global trade was surging with the U.S. booming and China’s deflation under control. While President Trump’s tax cuts […]
In September, we maintained our outlook to reflect the impact of escalating global trade wars. We are currently factoring in a six-month period of Stagnation followed by six months of Inflation. During 2018, global growth appears to have peaked at 3.8% after picking up steam through the second half of last year1. We expect further […]
In August, we maintained our outlook to reflect the impact of the escalating global trade wars. We are currently factoring in a six-month period of Stagnation followed by six months of Inflation. While the baseline forecast for the global economy continues for 2018 and 2019, the potential for disappointment remains. Tariffs generate what economists call […]
In July, we updated our outlook to reflect the impact of the escalating global trade wars. We are now factoring in a six-month period of Stagnation followed by six months of Inflation. While the baseline forecast for the global economy continues for 2018 and 2019, the potential for disappointments has increased. The WTO issued a […]