Economies in Asia continue to grow despite U.S. disruptions to the global supply chain. … READ MORE >
GDP
Market Minute: U.S. economy rests on the wealthy continuing to spend
The K-shaped economy that has defined the U.S. in the post-pandemic era is predicated on upper-income groups continuing to spend at a strong clip. … READ MORE >
Global economic outlook for 2025: Modest growth amid trade tensions
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 >
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 >