Economic Uncertainty Seems Removed Going Into The New Year 2020

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Dec 28, 2019

Economic Uncertainty Seems Removed Going Into The New Year 2020

U.S. Outlook

  • The U.S. economy continues to expand, albeit at a moderate pace. The U.S. Bureau of Economic Analysis reports U.S. gross domestic product (GDP) grew 2.1 percent in Q3/19. For the 12 months ending Q3, the U.S. grew 2.0 percent, adjusted for inflation. While somewhat off the pace of the past five years, it’s above what many economists expected. The rate also falls near the long-term average for the economy.

 

Global Outlook

  • The outlook for global growth looks better today than it did a year ago. The Organization for Economic Co-operation and Development (OECD) expects the global economy to grow 3.0 percent in ’20, marginally above the 2.9 percent ...

You will see following content inside the report:

  1. USMCA bill passed with phase one deal announced
  2. Industrial production jumped in November
  3. Residential activity post solid gains, new home sales expanding



This Week's State Of The Economy - What Is Ahead? - 05 April 2024

Nonfarm payrolls expanded 303K in March, surpassing all estimates submitted to Bloomberg. The continued strength in hiring suggests less urgency for policymakers at the Federal Reserve to lower the target range of the fed funds rate.

This Week's State Of The Economy - What Is Ahead? - 23 September 2022

The FOMC raised the target range for the fed funds rate by 75 bps for the third consecutive time. The housing market continues to buckle under the pressure of higher mortgage rates.

28 January 2021 Economic Outlook Report

In our recently released second report in this series of economic risks, we focused on the potential of demand-side factors to lead to significantly higher U.S. inflation in the next few years.

This Week's State Of The Economy - What Is Ahead? - 09 April 2021

This week\'s economic data kicked of with a bang. The ISM Services Index jumped more than eight points to 63.7, signaling the fastest pace of expansion in the index\'s 24-year history.

This Week's State Of The Economy - What Is Ahead? - 07 February 2020

U.S. employers added 225K new workers to their payrolls in January, which handily beat expectations. But the factory sector shed jobs for the third time in four months, and net layoffs were reported for finance and retail as well.

This Week's State Of The Economy - What Is Ahead? - 29 July 2022

Unlike the local temperatures, data released this week showed U.S. economic growth modestly declined in Q2.

This Week's State Of The Economy - What Is Ahead? - 14 February 2020

Retail sales increased for a fourth straight month in January, underscoring the resiliency of the U.S. consumer. Fundamentals are solid and support our expectations for healthy consumer spending gains in coming months.

This Week's State Of The Economy - What Is Ahead? - 09 June 2023

An unexpected spike in jobless claims is a sign that cracks are forming in the labor market. Higher mortgage rates look to be hindering a housing market rebound.

This Week's State Of The Economy - What Is Ahead? - 23 July 2021

In the biggest financial news this week not connected to college football conference realignment, July\'s NAHB Housing Market Index slipped one point to 80.

This Week's State Of The Economy - What Is Ahead? - 25 February 2022

What a crazy week. It’s hard to worry about something as relatively unimportant as economic trends when one thinks about what folks in Ukraine are enduring, but economies are nonetheless impacted.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

Stay up to date with all news coming straight in your mailbox.

Copyright © 2024 TC Global Commercial. All rights reserved.