The Economic Outlook. Economic Policy Division
|
|
- Florence Davis
- 6 years ago
- Views:
Transcription
1 The Economic Outlook Economic Policy Division
2 Glass Half Full Six years of steady growth
3 Real GDP Outlook Percent Change, Annual Rate
4 Glass Half Full Six years of steady growth Housing essentially recovered
5 Glass Half Full Six years of steady growth Housing essentially recovered Financial sector largely recovered
6 Glass Half Full Six years of steady growth Housing essentially recovered Financial sector recovered 11 million jobs since start of recovery
7 Labor Market Million Total Nonfarm Jobs Million Household Employment SA, Thousands, 4-week Moving Average Initial Unemployment Claims Percent Unemployment Rate September 5.1% 4 Unemployment Rate U
8 Glass Half Full Six years of steady growth Housing essentially recovered Financial sector recovered 11 million jobs since start of recovery Household net worth recovered
9 Household Net Worth Trillion $ Household Wealth
10 Glass Half Full Six years of steady growth Housing essentially recovered Financial sector recovered 11 million jobs since start of recovery Household net worth recovered Corporate profits strong
11 U.S. Corporate Profits SAAR, $billions 2,500 2,000 1,500 1,
12 Glass Half Full Private construction up nearly 17% Y/Y New residential sales up nearly 26% Y/Y ISM non-manufacturing nearly 57 Inflation flat CPI-U at 0.2% Y/Y Budget deficit below half a trillion dollars
13 Glass Half Empty Budget deficits still nearly a half trillion dollars! And set to soar!
14 CBO s Baseline Deficit (August 2015) Billions $ 500 Budget Deficit Percent of GDP 5 Deficit to GDP
15 Glass Half Empty Budget deficits nearly a half trillion dollars Federal debt shot up and still rising fast
16 Federal Publicly Held Debt (August 2015) Billions $ 25,000 20,000 15,000 Debt 10,000 5, Percent of GDP Debt to GDP
17 Glass Half Empty Budget deficits huge and poised to soar Along with federal debt And nothing pending on entitlements
18 Glass Half Empty Budget deficits huge and poised to soar Along with federal debt And nothing pending on entitlements Multiple local weaknesses
19 Glass Half Empty Multiple local weaknesses Flat wages ISM manufacturing index at 50.2 Business investment in equipment flat Y/Y At risk of deflation?
20 Glass Half Empty Budget deficits huge and poised to soar Along with federal debt And nothing pending on entitlements Multiple local weaknesses A persistent output gap
21 U.S. GDP Actual and Potential Quarterly, Q to Q Trillion $ Forecast Actual 10 Potential Potential GDP estimated by Congressional Budget Office
22 Glass Half Empty Budget deficits huge and poised to soar Along with federal debt And nothing pending on entitlements A persistent output gap And a downgraded future
23 U.S. GDP: Estimates of Potential (Real $2013 dollars)
24 Why is the Glass Half Empty?
25 Why is the Glass Half Empty? Despite historic fiscal and monetary stimulus? Five years of trillion dollar plus deficits Seven years of a near-zero Fed funds rate Over three trillion dollars of quantitative easing
26 Why is the Glass Half Empty? Despite historic fiscal and monetary stimulus? Administration s anti-growth tax hikes Anti-growth regulatory policies
27 Regulatory Overload 1. Health care: ACA regulation of health insurance benefit and payment parameters 2. Employee benefits: Expanded information reporting 3. Energy efficiency: 14 regulations on efficiency standards for electrical equipment 4. Air quality: Reduction of CO2 emissions from electricity generation facilities 5. Ozone: National ambient air quality standards for ozone 6. Labor: Fair Labor Standards Act regulations increasing overtime pay threshold 7. Natural gas: Requirements for air emissions and controls for new natural gas wells And over 240 additional regulations across all federal agencies in just the past year
28 Why is the Glass Half Empty? Despite historic fiscal and monetary stimulus? Administration s anti-growth tax hikes Anti-growth regulatory policies General sense of hostility toward businesses and economic growth
29 Good News! Sound policies can reverse effects of bad policies Underlying theme: Do Less Harm
30 What Can We Do? Education reform Infrastructure investment Comprehensive tax reform Advance free trade Energy market reform Emphasize prudent, cost-effective regulation Immigration reform Entitlement reform
31 Reasons for Optimism Proven resilience
32 Reasons for Optimism Proven resilience Trade agenda is advancing
33 Reasons for Optimism Proven resilience Trade agenda is advancing Best looking horse at the glue factory
34 Future Concerns End-game regulatory surge Washington dysfunction Cloudy international picture U.S. monetary policy
35 Future Concerns Administration s end-game regulatory surge
36 Future Concerns Administration s end-game regulatory surge Washington dysfunction
37 Future Concerns End-game regulatory surge Washington dysfunction Cloudy international picture
38 Countries in or Near Recession Outside of Europe: Canada (-0.5%) Japan (-0.3%) Australia (0.2%) South Africa (-0.3%) Brazil (-1.6%) Venezuela (-0.4% -- and 200% annual inflation)
39 Europe Debt crisis lingers Problems of currency union unresolved Conflicts in governance Now an immigration wave
40 China Managed economy with multiple imbalances, multiple excesses
41 China Managed economy with multiple imbalances, multiple excesses 10 Words huyou
42 Future Concerns End-game regulatory surge Washington dysfunction Cloudy international picture U.S. monetary policy
43 Future Concerns U.S. monetary policy Not what the Fed should do Or when the Fed will do it But the economic implications of a policy change
44 Future Concerns U.S. monetary policy implications: It Ain t Necessarily So
45 9 The Recent History of the Federal Funds Rate
46 Long Term Rates and the Funds Rate Not a Forecast
47 The Greenspan Conundrum
48 The Greenspan Conundrum Effective Funds Rate 10 Year Treasury Note
49 9 A Possible Future Path for the Funds Rate 8 7 Not a Forecast
50 Fed Policy Billions $ 4,500 4,000 Bank Assets and Liabilities 3,500 3,000 2,500 2,000 1,500 1, Jan Apr. July Oct. Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Excess Federal Reserve Assets Money Supply (M1)
51 Fed Policy Billions $ 5,000 4,500 Bank Assets and Liabilities 4,000 3,500 3,000 2,500 2,000 1,500 1, Not a Forecast Excess Reserves Federal Reserve Assets
52 Bottom Line 6 years and counting glass is still half full
53 Bottom Line 6 years and counting glass is still half full Recession? not in the near term
54 Bottom Line 6 years and counting glass is still half full Recession? not in the near term Steady growth
55 Bottom Line 6 years and counting glass is still half full Recession? not in the near term Steady growth Maybe with a new Administration, the economy can do better
56 Bottom Line 6 years and counting glass is still half full Recession? not in the near term Steady growth Maybe with a new Administration, the economy can do better How? By following the pro-growth policies the Chamber s laid out
57 What Can We Do to Fill the Glass? Education reform Infrastructure investment Comprehensive tax reform Advance free trade Energy market reform Emphasize prudent, cost-effective regulation Immigration reform Entitlement reform
58 The Economic Outlook: Economic Policy Division
The Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six plus years of moderate growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half
More informationEconomic Outlook March Economic Policy Division
Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real
More informationThe Global Economy: Sustaining Momentum
The Global Economy: Sustaining Momentum David J. Stockton Senior Fellow Peterson Institute for International Economics Chief Economist Monetary Policy Analytics October 5, 2017 What s Driving the Global
More informationAs Good as it Gets. The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International
As Good as it Gets The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International #NMHCstudent @ApartmentWire Ten Years After: A Full if Imperfect
More informationCanadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Nigel Gault Chief U.S. Economist, IHS Global Insight FTA Revenue Estimation & Tax Research Conference Charleston, West Virginia October 17, 2011 What Has Happened to the Recovery?
More informationDeficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM
Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM Moderator: Gillian Tett, U.S. Managing Editor, Financial Times Speakers: Jared Bernstein,
More informationFrom Recession to Recovery
From Recession to Recovery Monday, April 26, 2010 8:00 AM - 9:15 AM Moderator Michael Klowden, President and CEO, Milken Institute Speakers Mohamed El-Erian, CEO and Co-Chief Investment Officer, Pacific
More informationMUSTAFA MOHATAREM Chief Economist, General Motors
MUSTAFA MOHATAREM Chief Economist, General Motors INTRODUCTION The U.S. economy continues to grow at a gradual but also erratic pace The current recovery is one of the slowest in the post-wwii U.S. history.
More informationGlobal Economic Outlook
Global Economic Outlook Mark A. Wynne Vice President & Associate Director of Research Director, Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas Presentation to Vistas Conference
More informationNational and Regional Economic Outlook. Central Southern CAA Conference
National and Regional Economic Outlook Central Southern CAA Conference Dr. Mira Farka & Dr. Adrian R. Fleissig California State University, Fullerton April 13, 2011 The Painfully Slow Recovery The Painfully
More informationThe Herzliya Conference The Economic Dimension Prof. Rafi Melnick Provost, Interdisciplinary Center (IDC) Herzliya
The Herzliya Conference The Economic Dimension 2009 Provost, Interdisciplinary Center (IDC) Herzliya The Big Issues The broken crystal ball A crisis that happens once in 100 years From a country oriented
More informationTexas Economic Outlook: Recovery in 2010 Keith Phillips Federal Reserve Bank of Dallas San Antonio Office
Texas Economic Outlook: Recovery in 2010 Keith Phillips Federal Reserve Bank of Dallas San Antonio Office The views expressed in this presentation are strictly those of the author and do not necessarily
More informationThe United States: Fiscal Facts and Fantasies. Presented by: Nigel Gault Chief U.S. Economist IHS Global Insight
The United States: Fiscal Facts and Fantasies Presented by: Nigel Gault Chief U.S. Economist IHS Global Insight Subdued Recovery: Tailwinds Battling Headwinds The U.S. Recovery: Tailwinds More sectors
More informationCBO s January Baseline Sets the Stage. CRFB.org
CBO s January Baseline Sets the Stage 1 Trillion-Dollar Deficits Are Returning $1,600 Billions $1,400 $1,200 $1,000 $800 Deficits Increased Almost 800% Deficits Fell 69% Deficits Triple to Nearly $1.4
More informationThe US Economic Outlook
IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth
More informationABA Commercial Real Estate Lending Committee
ABA Commercial Real Estate Lending Committee Commercial Real Estate Outlook The Good, the Bad and the Ugly January 16, 2019 Rob Strand Senior Economist American Bankers Association aba.com 1-800-BANKERS
More informationRBC Economics Financial Update Dawn Desjardins
RBC Economics Financial Update Dawn Desjardins CICA/RBC Q4 2011 Business Monitor Economic Results Overview Business and Economic Optimism Begin to Stablize 100 % 80 % 60 % 40 % 20 % 0 % National Optimism
More informationReading the Tea Leaves: Investing for 2010 and Beyond
Reading the Tea Leaves: Investing for 2010 and Beyond Wednesday, April 28, 2010; 8:00 AM - 9:15 AM Moderator: Maria Bartiromo, Anchor, CNBC's Closing Bell With Maria Bartiromo Speakers: Nick Calamos, President
More informationA comment on recent events, and...
A comment on recent events, and... where we are in the current economic cycle November 15, 2016 Mark Schniepp Director Likely Trump Policies $4 to $5 Trillion in tax cuts over 10 years to corporations,
More informationBabson Capital/UNC Charlotte Economic Forecast. May 13, 2014
Babson Capital/UNC Charlotte Economic Forecast May 13, 2014 Outline for Today Myths and Realities of this Recovery Positive Economic Signs Negative Economic Signs Outlook for 2014 The Employment Picture
More informationOutline. Overview of globalization. Global outlook for real economic activity & inflation. Risks to the outlook
2017 International Economic Outlook Everett Grant Research Economist Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas October 2017 The views expressed are those of the author and
More informationNational and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
National and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business October 24, 2018 The forecasts and commentary do not constitute
More informationCurrent Hawaii Economic Conditions. Eugene Tian
Current Hawaii Economic Conditions Eugene Tian Department of Business, Economic Development & Tourism At the PATA/TTRA 2016 Annual Outlook & Economic Forecast Forum February 3, 2016 Positive Signs in the
More information2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE
2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE January 14, 2019 Scott Colbert, CFA Executive Vice President Director of Fixed Income & Chief Economist scott.colbert@commercebank.com GLOBAL GROWTH EXPECTATIONS
More informationSA economic review Kevin Lings. August 2018
SA economic review Kevin Lings August 2018 South Africa real GDP growth year-on-year %y/y 8 7 6 5 Ave 4.3% 4 Ave 2.5% 3 2 Ave 0.9% 1 0-1 -2-3 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 2
More informationEconomic Overview. Melissa K. Peralta Senior Economist April 27, 2017
Economic Overview Melissa K. Peralta Senior Economist April 27, 2017 TTX Overview TTX functions as the industry s railcar cooperative, operating under pooling authority granted by the Surface Transportation
More informationThe U. S. Economic Outlook: Robert J. Gordon
The U. S. Economic Outlook: Upside and Risks Robert J. Gordon Ottawa a Economics Association Ottawa, a, September 14, 2017 Immigration Medical Care My Policy Package: Be Like Canada d University Tuition
More informationThe Israeli Economy 2009 The Caesarea Center Conference
The Israeli Economy 2009 The Caesarea Center Conference Provost, Interdisciplinary Center (IDC) Herzliya The Big Issues The broken crystal ball A crisis that happens once in 100 years From a country oriented
More information10 County Conference. Richard Wobbekind. Executive Director Business Research Division & Senior Associate Dean Leeds School of Business
10 County Conference Richard Wobbekind Executive Director Business Research Division & Senior Associate Dean Leeds School of Business Hmm... (http://myfallsemester.blogspot.com) Real GDP Growth Percent
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Presented to: Maquiladora Industry Outlook Conference September 29 2006 Presented by: Patrick Newport Principal, U.S. Macroeconomic Service 781-301-9125 patrick.newport@globalinsight.com
More informationGlobal economy maintaining solid growth momentum. Canada leading the pack
Global economy maintaining solid growth momentum Canada leading the pack Dawn Desjardins (Deputy Chief Economist) (416) 974-6919 dawn.desjardins@rbc.com September 2017 Brighter global outlook gains traction
More informationEconomic Update and Outlook
Economic Update and Outlook NAIOP Vancouver Chapter November 15, 2012 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: Global, U.S., and Canadian economic conditions Canada economic and
More informationThe U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)
More informationThe U.S. Economic Recovery: Why so weak and what should be done? William J. Crowder Ph.D.
The U.S. Economic Recovery: Why so weak and what should be done? William J. Crowder Ph.D. Weak Recovery? It s no secret that the U.S. economy has still not fully recovered from the financial crisis and
More informationU.S. Overview. Gathering Steam? Tuesday, October 1, 2013
U.S. Overview Gathering Steam? Tuesday, October 1, 2013 Uneven global economic recovery Annual real GDP growth projections (%) Projections 2013 2014 World 3.1 3.1 3.8 United States 2.2 1.7 2.7 Euro Area
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic
More information2019 Economic Outlook: Will the Recovery Ever End?
2019 Economic Outlook: Will the Recovery Ever End? Advantage Bank Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations November 15 th, 2018
More informationThe Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies
The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies Chief Economist, PAGI Group, JLL (Port, Airport & Global Infrastructure) Agenda Where are we in the cycle? What are the barriers
More informationPaul Bingham Managing Director, Global Trade and Transportation February 18, 2009
Economic Outlook and Ports Paul Bingham Managing Director, Global Trade and Transportation February 18, 2009 The Outlook for Trade Depends on Goods Demand Integrated international supply-chains offer efficiencies
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Update.
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Update February 26, 2013 The Worst Recession Since the Great Depression 0% Loss from Peak
More informationHas Abenomics Revived the Japanese Economy?
Has Abenomics Revived the Japanese Economy? Takeo Hoshi Stanford University, NBER, and ABFER Brad Richardson Memorial Lecture, The Institute for Japanese Studies, The Ohio State University, Columbus, OH,
More informationMore of the Same; Or now for Something Completely Different?
More of the Same; Or now for Something Completely Different? C2ER Place cover image here Richard Wobbekind Chief Economist and Associate Dean for Business and Government Relations June 14, 2017 Real GDP
More informationEconomic and Real Estate Outlook
Economic and Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentation at Charlottesville Area Association of REALTORS October 13, 2016 1990 1991 1992 1993
More informationPresident and Chief Executive Officer Federal Reserve Bank of New York Washington and Lee University H. Parker Willis Lecture in Political Economics
The U.S. Economic Outlook Chartspresented by WilliamC Dudley Charts presented by William C. Dudley President and Chief Executive Officer Federal Reserve Bank of New York Washington and Lee University H.
More informationwww.colorado.edu/leeds/brd CAREER ADVANCING DEGREES FROM LEEDS EVENING MBA PROGRAM FOR WORKING PROFESSIONALS #1 PART-TIME MBA Program in Colorado according to U.S. News & World Report Engage in a collaborative
More informationHow Much Wind Is in the Sails?
How Much Wind Is in the Sails? Erie Chamber of Commerce Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations September 20, 2017 Real GDP Growth
More informationEconomic & Financial Market Outlook
Economic & Financial Market Outlook BC Pension Forum March 1, 2013 Chris Lawless, Chief Economist Overview Global forces Recent economic performance ~ US, Europe, Japan, China ~ Other emerging markets
More informationTrade and Economic Trends
Trade and Economic Trends Marine Terminal Management Training Program Paul Bingham Managing Director, Global Commerce & Transportation IHS Global Insight Long Beach, CA September 21, 2009 The Global Recession
More information2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy
2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,
More informationGrasshoppers, Ants and Locusts: the future of the world economy
Ralph Miliband Series on the Restructuring of World Power Grasshoppers, Ants and Locusts: the future of the world economy Martin Wolf Associate editor and chief economics commentator, Financial Times Professor
More informationNorth American Forging Shipment Forecast (Using FIA bookings information through December 2013)
North American Forging Shipment Forecast 2014-2018 (Using FIA bookings information through December 2013) Percent Change Year Ago Best leading indicator combination for impression die bookings used to
More informationSeven Lean Years Explaining Persistent Global Economic Weakness
Seven Lean Years Explaining Persistent Global Economic Weakness 9 June 2015 Bank of Canada and European Central Bank Conference Tim Lane Deputy Governor Bank of Canada The global economy remains weak and
More informationGlobal Economic Outlook. Kellie Maske, Sr. Economics Fellow FedEx Corporate Economics September 2011
Kellie Maske, Sr. Economics Fellow FedEx Corporate Economics U.S. Outlook: Moderate Growth Overall 6 4 US Real GDP Growth 2 % Change 0 (2) (4) Forecast (6) (8) Bars = QOQ% Annualized Line = YOY% (10) 2005
More informationNorthwest Economic Research Center College of Urban and Public Affairs Forecast Breakfast Economic Outlook
Northwest Economic Research Center College of Urban and Public Affairs 2019 Forecast Breakfast Economic Outlook 1/10/2019 2 U.S. ECONOMY 1/10/2019 3 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000
More informationEconomic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
Economic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business January 3, 2019 The forecasts and commentary do not constitute
More informationAgriculture and the Economy: A View from the Chicago Fed
Agriculture and the Economy: A View from the Chicago Fed March 3, 2016 Riverside, Iowa David Oppedahl Senior Business Economist 312-322-6122 david.oppedahl@chi.frb.org Federal Reserve System Twelve District
More informationDr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder
Dr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder Member FDIC VectraBank.com Economic Outlook 2015 Richard
More informationMBA Economic and Mortgage Finance Outlook
MBA Economic and Mortgage Finance Outlook MBA of Alabama Annual Conference June 7, 2017 Presented by Lynn Fisher Mortgage Bankers Association 1 Summary of the MBA Outlook 2016 2017 2018 2019 GDP Growth
More informationBig Changes, Unknown Impacts
Big Changes, Unknown Impacts Boulder Economic Forecast Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January 17, 2018 Real GDP Growth
More informationTHE ICELANDIC ECONOMY AN IMPRESSIVE RECOVERY BUT WHAT CHALLENGES LIE AHEAD?
THE ICELANDIC ECONOMY AN IMPRESSIVE RECOVERY BUT WHAT CHALLENGES LIE AHEAD? FROM BUST TO BOOM. AN EPIC BUST After 16 years of growth with a short pause for breath in 2002, the Icelandic economy entered
More informationEconomy On The Rebound
Economy On The Rebound Robert Johnson Associate Director of Economic Analysis November 17, 2009 robert.johnson@morningstar.com (312) 696-6103 2009, Morningstar, Inc. All rights reserved. Executive
More informationGlobal economy s strong momentum intact despite elevated level of uncertainty. Canada headed for another year of solid growth
ECONOMICS I RESEARCH Global economy s strong momentum intact despite elevated level of uncertainty Canada headed for another year of solid growth Dawn Desjardins (Deputy Chief Economist) (416) 974-6919
More informationZions Bank Economic Overview
Zions Bank Economic Overview Kenworth National Dealers Conference November 8, 2018 1 National Economic Conditions 2 Volatility Returns to the Stock Market 27,000 Dow Jones Industrial Average October 10,
More informationEconomic Outlook for Canada: Economy Confronting Capacity Limits
ECONOMICS I RESEARCH Economic Outlook for Canada: Economy Confronting Capacity Limits Presentation to the Responsible Distribution Canada 32 nd Annual General Meeting May 29, 2018 Paul Ferley (Assistant
More informationThe US Economic Crisis: Impact on Northeast Asia, Lessons from Japan
The US Economic Crisis: Impact on Northeast Asia, Lessons from Japan Richard Katz The Oriental Economist Report rbkatz@ix.netcom.com www.orientaleconomist.com 2008 Japan Watchers LLC. All rights reserved.
More informationFriday, May 22, NAR Convention
NAR Convention 5-14-09 NAR Convention 5-14-09 Lawrence Yun, NAR Chief Economist NAR Marketing Tips!Provide Market Data to buyers!forbes Buyer Survey: Now good time to buy home!best Banner Ads: 1. Has Market
More informationThe 2019 Economic Outlook Forum The Outlook for MS
The 2019 Economic Outlook Forum The Outlook for MS February 2019 Mississippi University Research Center Mississippi Institutions of Higher Learning Darrin Webb, State Economist dwebb@mississippi.edu (601)432-6556
More informationKeynesian Macroeconomics for the 21 st Century Part 3: Demand Dynamics, Inequality and Secular Stagnation
Keynesian Macroeconomics for the 21 st Century Part 3: Demand Dynamics, Inequality and Secular Stagnation YSI INET Lectures Edinburgh, Scotland October, 2017 Steven Fazzari Washington University in St.
More informationThe World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review
The World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review Michael Keenan Harbor Planning and Economic Analyst Port of Los Angeles October 5, 2009 Review of 2007 Container Trade
More informationAfter the British referendum
Future of Europe After the British referendum Broader issues for the UK and the EU David Marsh, Managing Director, OMFIF 27 October 2016 Nicosia 1 European politics moves against integration A new phase
More informationEast Bay Financial Planners Association Conference
East Bay Financial Planners Association Conference Is The New Normal Here to Stay? January 10, 2018 Rich Taylor Vice President Client Portfolio Manager Percent Change (%) Subpar Economic Growth Real GDP
More informationIndia: Can the Tiger Economy Continue to Run?
India: Can the Tiger Economy Continue to Run? India s GDP is on the rise US$ trillions Nominal GDP (left axis) GDP growth (right axis) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1990 1992 1994 1996 1998 2000 2002 2004
More informationU.S. Economic Activity. Federal Reserve Bank of Dallas
U.S. Economic Activity Federal Reserve Bank of Dallas 2019 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity Index 160 Consumer Confidence and Sentiment
More informationU.S. Economic Activity. Federal Reserve Bank of Dallas
U.S. Economic Activity Federal Reserve Bank of Dallas 2019 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity New Orders for Durable Goods Billions
More informationU.S. Economic Activity. Federal Reserve Bank of Dallas
U.S. Economic Activity Federal Reserve Bank of Dallas 2019 Contents 1 Economic Activity 2 Wages and Prices 3 Financial Activity Economic Activity Economic Activity Index 160 Consumer Confidence and Sentiment
More information2015 Economic Forecast & Industry Outlook. Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC October 8, 2014
2015 Economic Forecast & Industry Outlook Robert A. Kleinhenz, Ph.D. Chief Economist,, LAEDC October 8, 2014 Outline U.S. Economy California Economy Southern California Economy & Industries Five-Year Outlook
More informationFuture Global Trade Trends - Risks & Opportunities. Pulse of the Ports: Peak Season Forecast March 21, 2013
1 Future Global Trade Trends - Risks & Opportunities Pulse of the Ports: Peak Season Forecast March 21, 2013 June 2012 Dr. Walter Kemmsies Chief Economist Summary Higher economic growth in 2013, possible
More informationColorado Economic Update
Colorado Economic Update Steamboat Economic Summit Place cover image here Brian Lewandowski Associate Director, Business Research Division October 21, 2016 Recession 8 Months Recession 18 Months Real GDP
More informationNational Report Iceland. RINORD June 2018 Tryggvi Jónsson, Chairman of FRV
National Report Iceland RINORD June 2018 Tryggvi Jónsson, Chairman of FRV FRV s activities and priorities 2017-2018 Annual strategy meeting set out the following priorities: Good procurement practices
More informationOld Dominion University 2017 Regional Economic Forecast. Strome College of Business
Old Dominion University 2017 Regional Economic Forecast January 25, 2017 Professor Vinod Agarwal Director, Economic Forecasting Project Strome College of Business www.odu.edu/forecasting The views expressed
More informationReal Estate and Economic Outlook
Real Estate and Economic Outlook Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS Presentation at Inforum Outlook Conference University of Maryland College Park, MD December 12, 2013
More informationWhy Is the Recovery from the Financial Crisis So Sluggish?
Why Is the Recovery from the Financial Crisis So Sluggish? Robert E. Hall Hoover Institution and Department of Economics Stanford University Keynote Address Agricultural and Applied Economics Association
More informationKevin Thorpe Financial Economist & Principal Cassidy Turley
Kevin Thorpe Financial Economist & Principal Cassidy Turley Economic & Commercial Real Estate Outlook Kevin Thorpe, Chief Economist 2012 Another Year Of Modest Improvement 2006Q1 2006Q3 2007Q1 2007Q3 2008Q1
More informationBC Pension Forum. Economic Outlook. Presented by: Ben Homsy, CFA Portfolio Manager
BC Pension Forum Economic Outlook Presented by: Ben Homsy, CFA Portfolio Manager 1694 1704 1713 1723 1732 1741 1751 1760 1770 1779 1788 1798 1807 1817 1826 1836 1845 1854 1864 1873 1883 1892 1901 1911
More informationFinancial Stability Implications of Changing Global Finance: Policy Panel Global Finance in Transition
Financial Stability Implications of Changing Global Finance: Policy Panel Global Finance in Transition May 7 and 8, 2013 İstanbul, Turkey Outline 1 The Financial System 2 Weak Growth 3 4 5 Unprecedented
More informationMajor Issues and Trends Facing the Port and Marine Transportation Industry
Major Issues and Trends Facing the Port and Marine Transportation Industry Presented to: AAPA Marine Terminal Management Training Program April 24, 2006 Charleston Riverview Hotel Charleston, SC - USA
More informationThe Eurozone integration, des-integration and possible future developments
The Eurozone integration, des-integration and possible future developments 18 th Monetary Policy Workshop at the Berlin School of Economcs and Law, 12 13 October 2017 Overview Position 1: The euro itself
More informationU.S. Economy in a Snapshot
U.S. Economy in a Snapshot Economic Press Briefing: May 19, 2016 The views expressed here are those of the presenter and do not necessarily represent the views of the Federal Reserve Bank of New York or
More informationMAINTAINING MOMENTUM:
MAINTAINING MOMENTUM: 2018 National Economic Update September 12, 2018 noun mo men tum \ mō-ˈmen-təm, mə- \ 1 b : the strength or force that allows something to continue or to grow stronger or faster as
More informationOpportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip?
Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip? Ross DeVol Chief Research Officer (310) 570 4615 rdevol@milkeninstitute.org www.milkeninstitute.org Presentation
More informationSouthern California Economic Forecast & Industry Outlook
2016-17 Southern California Economic Forecast & Industry Outlook Robert A. Kleinhenz, Ph.D. Sr. VP/Chief Economist, LAEDC February 17, 2016 Outline U.S. Economy California Economy Southern California Economy
More informationChief Economist s Report
Chief Economist s Report 22 February 2017 IATA Legal Symposium, Washington Brian Pearce Chief Economist, IATA Airline Industry Economics Advisory Workshop 2016 1 Themes 1. World economy still stuck on
More informationFederal Reserve Bank of Dallas, FIRM (Financial Institution Relationship Management)
The Economic Roller Coaster: Where Have We Been? And Where Are We Going? Thomas F. Siems, Ph.D. Senior Economist and Director of Economic Outreach Federal Reserve Bank of Dallas Economic Summit Dallas
More informationEconomic Analysis What s happening with U.S. potential GDP growth?
Economic Analysis What s happening with U.S. potential GDP growth? Kan Chen Capital stock, labor, and productivity do not show a significant increase following the recent fiscal stimulus According to our
More informationVermont Economic Conference:
Vermont Economic Conference: Mapping Our Economic Future Michael Dolega Director & Senior Economist TD Economics January 5 2018 Summary Global economy gathering speed, leading to another upgrade in outlook.
More informationThe U.S. & Global Economic Outlook Greg Ip, U.S. Economics Editor, The Economist Remarks to The American Sportfishing Association
The U.S. & Global Economic Outlook Greg Ip, U.S. Economics Editor, The Economist Remarks to The American Sportfishing Association Hilton Head, S.C. Oct. 9, 2012 How We Got Here Great Moderation = More
More informationUNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer
UNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer LECTURE 2 OVERVIEW OF THE GREAT DEPRESSION January 22, 2018 I. THE 1920S A. GDP growth and inflation B.
More informationIt s the economy stupid!
It s the economy stupid! (and it doesn t have to be this way!) October 28, 2011 Alameda, CA Sylvia A. Allegretto, PhD Center on Wage & Employment Dynamics University of California, Berkeley The critical
More informationU.S. and Colorado Economic Outlook National Association of Industrial and Office Parks. Business Research Division Leeds School of Business
U.S. and Colorado Economic Outlook National Association of Industrial and Office Parks Presented by the Business Research Division Leeds School of Business University of Colorado at Boulder U.S. Economic
More information