April 2019

The gloomy mood at the beginning of 2019 has given way to renewed optimism that economic activity in the United States and around the world will improve as 2019 progresses. This sentiment shift can be traced to easing of U.S. monetary policy, easier financial conditions and Chinese policy stimulus. However, economic activity continues to deteriorate in Europe and Japan. Significant risks persist, but the probability of recession in the next few months has diminished.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *