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? - 03 January 2020

Markets were also pressured from the latest ISM manufacturing report, which signaled further deterioration in the sector with the index falling to its lowest level since 2009.

This Week's State Of The Economy - What Is Ahead? - 28 August 2020

After a revised look at GDP this week suggested the second quarter may not have been quite as bad as first estimated, attention shifts to the current quarter.

This Week's State Of The Economy - What Is Ahead? - 25 September 2020

Existing home sales rose 2.4% to a 6.0-million unit annual pace. The surge in sales further depleted inventories and pushed prices sharply higher.

This Week's State Of The Economy - What Is Ahead? - 24 February 2023

Existing home sales declined 0.7% in January, while new home sales leaped 7.2%. Real personal spending shot higher in January, and solid growth in discretionary spending suggests continued consumer resilience.

This Week's State Of The Economy - What Is Ahead? - 31 March 2023

This week brought glimpses of market stabilization after weeks of turmoil. Although consumers seem unfazed by the uproar, tighter credit conditions coming down the pipeline will likely weigh on growth.

This Week's State Of The Economy - What Is Ahead? - 08 April 2022

Wednesday\'s release of the FOMC minutes stirred things up as comments showed committee members agreeing that elevated inflation and the tight labor market at present warrant balance sheet reduction to begin soon.

This Week's State Of The Economy - What Is Ahead? - 01 July 2022

As with the Mets and Yankees when they ran into the Astros over the last couple days, consumers staying power is showing signs of running out as inflation persists and confidence moves sharply lower.

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? - 07 August 2020

There were more signs of global recovery this week and PMI surveys improved further across the world.

This Week's State Of The Economy - What Is Ahead? - 17 January 2020

Mild weather helped housing starts surge 16.9% in December to a 1.61 million-unit pace, the highest in 13 years. Manufacturing surveys from the New York Fed and Philadelphia Fed both rose more than expected in December.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

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

Copyright © 2023 TC Global Commercial. All rights reserved.