Posts Tagged “2010”
Our forecast continues to incorporate a significant slowdown during the second half of the year. After likely expanding at a 3.4 percent pace during the current quarter, real GDP is expected to slow to a mere 2 percent pace during the second half of 2010. Conditions over the past month View full post on Long Term [...]
The uncertainty created by Europe’s sovereign debt crisis caused ripples in financial markets in the past month but, outside the region, had little effect on the pace of economic growth. Data from Canada and the US confirmed that the recoveries are underway with Canada overshooting expectations while the U.S. economy View full post on Long Term [...]
As widely predicted, financial markets have been volatile as the end of the period of extraordinary monetary and fiscal loosening draws nearer. Economic growth is picking up and becoming more entrenched in most countries. As a result of this, some central banks, like Australia and Norway, have raised rates a View full post on Long Term [...]
Recent economic reports have cast doubts about the strength and durability of the recovery. Many concerns center on disappointing reports from the nation View full post on Long Term Forecasts
Severe volatility returned to financial markets this month. Central banks had to step in once again to be the lender of last resort, with plentiful liquidity on offer to those borrowers that need it. Worries about the solvency of Greece was the proximate cause for the renewal of uncertainty and sharp reduction in volume. Securities [...]
Economic data during the past month has largely surprised to the upside confirming that the recovery is firmly entrenched. The global purchasing managers’ index for both the manufacturing and services sectors moved further into expansionary territory in April. Labour reports out of North America have swung from a heavy weight on the economic outlook to [...]
Most major economic indicators, including employment, retail sales and industrial production, improved notably over the past month, which raises the upside risks to our forecast. We continue to believe economic growth will moderate during the second half of the year, as the boost from inventory restocking fades and various stimulus programs wind down. Consumer spending [...]