A world economic scene characterized by sharp divides in growth and volatile markets. The most pronounced of the economic performance divides is between the U.S.—and just about everywhere else. U.S. activity is hardly booming.
Global Economy, Economic Environment, Money & Finance, GDP
Kris Bledowski, director of economic studies, says the European economic recovery is proceeding slowly and the sources of growth are more balanced than in the past. Despite low interest rates, capital formation has stalled.
A number of factors have challenged economic growth in 2015, among them a second straight severe winter, the West Coast port strike, a strong dollar, and collapse of oil prices, but assuming the first two were anomalies, there should be marginal improvement for 2016, according to a new forecast.
Chief Economist Dan Meckstroth discusses the overall outlook for the U.S. economy, with particular emphasis on the manufacturing sector, for the remainder of 2015 and 2016. He highlights manufacturing’s growth drivers and challenges and provide his initial forecast for the five-year horizon.
As the U.S. trade deficit in manufactures rose in the third quarter while the Chinese surplus remained flat, it incurred an estimated trade-related loss of 150,000 American jobs, and heading toward more than 600,000 for the calendar year.
The overall outlook for the U.S. economy, with particular emphasis on the manufacturing sector, for the remainder of 2015 and 2016 highlighting manufacturing’s growth and challenges for a five-year horizon.
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