Historically, real GDP and levels of activity involving initial public offerings and mergers and acquisitions have correlated to law service demand. So, although the true impacts of Russia’s invasion of Ukraine will not be understood for a while, law firms in search of clarity can look to those indicators. … READ MORE >
real GDP
US gross domestic product: Actual vs. potential output
The current Bloomberg consensus on third quarter growth in gross domestic product is 18% (RSM’s forecast is 14.2%), and that will likely be brought down noticeably in coming days. … READ MORE >
Economic growth is running out of steam, RSM data shows
So far the domestic economy has absorbed two policy-induced shocks—a trade war with China and the slowing of immigration—and one exogenous oil supply shock that are all contributing to the story of slower growth. Once the economy slows to near 1% next year, recession risks will become elevated. … READ MORE >