Deloitte Global Economic Outlook Q3 2015: Now available
In the third-quarter outlook for the global economy, Deloitte’s far-flung economists offer their views on the economic situation and the outlook for the near and longer term.
The Eurozone economy is on the mend, the Brazilian and Russian economies are in recession, the US economy is rebounding from a bad first quarter, and the Chinese economy is growing relatively slowly. The third-quarter Global Economic Outlook offers outlooks for the United States, Eurozone, China, Japan, Russia, United Kingdom, India, and Brazil.
Patricia Buckley comments on the critically important US economy. She discusses how the decline in real GDP in the first quarter was possibly due to more than simply bad weather.
Alexander Börsch provides an analysis of the Eurozone economy. He says that the recovery in the economy continues, albeit in an “unspectacular manner.” Going forward, Alexander points to various measures of business confidence as boding well for accelerated growth.
Ira Kalish discusses the Chinese economy, how, after a series of moves easing monetary policy, there are now signs that the economy is, at the least, starting to stabilize rather than decelerate.
Next, Ira Kalish examines the Japanese economy. Despite the Bank of Japan’s very aggressive program of quantitative easing, it appears that the economy is having trouble taking off.
In their article on Russia, Akrur Barua and Lester Gunnion discuss the current downturn. They note that, although many factors have made Russia’s situation worse, monetary policy has been largely successful in stabilising the currency and reversing the trend toward higher inflation.
In his article about the United Kingdom Ian Stewart takes a notably optimistic view of the outlook, despite the recent slowdown in growth.
Next, Akrur Barua returns with an analysis of India, an economy that appears to be growing faster than China.
Finally, Akrur Barua finds that Brazil is most likely already in recession. He notes the poor economic performance of the first quarter, the exception being the relative strength of exports.
The Deloitte Global Economic Outlook Q3 2015 may be downloaded from http://www2.deloitte.com/mt/geo.
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