Global growth in 2025 will expand at a modest 2.5% pace as the sluggish recovery from the pandemic continues, according to our forecast. … READ MORE >
GDP
Business spending on equipment falls in September, but orders pick up
Durable goods orders fell in September for the second month in a row, driven largely by drops in Boeing orders. … READ MORE >
RSM’s prescient forecast for today’s strong economy
The economy is in a strong position with low unemployment, easing inflation and rising productivity. Last year, many observers warned of a looming recession, but RSM’s Joe Brusuelas called it correctly. Learn what was behind his analysis in this conversation with the U.S. Chamber of Commerce’s Neil Bradley … READ MORE >
Industrial production and housing rebound in July, affirming GDP growth outlook
Industrial production, housing starts and permits rebounded in July, affirming RSM’s third-quarter GDP growth outlook. … READ MORE >
U.S. economy was a lot stronger in first quarter, final GDP estimate shows
The third and final estimate of gross domestic product showed a drastic upward revision to a 2.0% gain from 1.3% on a quarterly and annualized basis. … READ MORE >
U.S. Q3 GDP: 2.6% growth overstates economic activity as probable recession looms
“Sound and fury signifying nothing” is an apt description of the 2.6% (1.8% year-over-year) seasonally adjusted annualized rate of growth in the third quarter of 2022. Excluding trade and inventories, real final sales to domestic private purchasers increased at an anemic 0.1%, which underscores our estimate of an elevated 65% probability of a recession over the next 12 months. … READ MORE >
Canada’s GDP steady as spending on services remained strong in May
Friday’s data for Canada comes just a day after reports that the U.S. economy recorded its second consecutive quarter of negative GDP growth, … READ MORE >
Q2 US GDP: Economy contracts for second consecutive quarter
From our point of view, the economy will likely soon meet the formal definition of being in a recession, though it isn’t there yet. … READ MORE >
Unexpectedly strong durable goods orders and trade data temper recession concerns
Durable goods orders and goods trade deficit in June beat expectations, according to data released Wednesday, tempering recession concerns before the Federal Reserve is expected to announce a rate hike later in the day. … READ MORE >
Canada’s economy cools but outlook remains positive
Canada’s GDP grew 3.1% in the first quarter of 2022 as business investment and household consumption continued to boom while energy exports dragged, according to data released by Statistics Canada on Tuesday. The figure was in line with the Bank of Canada’s forecast but noticeably under market expectations. While COVID-19 … … READ MORE >