OECD WARNING ON GLOBAL GROWTH
BY Tom Burnett CFA On March 27, 2020, the Organization of Economic Co-operation a Development in Paris issued a formal announcement on the impact of the coronavirus outbreak on the global economy. The announcement gave an update to the group’s forecast for global growth issued last November. World…
By Tom Burnett, CFA Looking at the latest data from FACTSET, it is apparent that the negative impact of the Coronavirus outbreak on economic growth is falling on corporate earnings forecasts. As economists revise downward their full year 2020 projections for U.S. GDP growth, research analysts are lowering…
By Tom Burnett, CFA In order to help consumers, investors and workers deal with the Coronavirus outbreak’s economic slowdown, the Federal Reserve has instituted a series of dramatic actions intended to stabilize the markets and the global economies. On March 15, 2020, the Federal Open Market Committee…
By Tom Burnett, CFA In order to help consumers, investors and workers deal with the Coronavirus outbreak’s economic slowdown, the Federal Reserve has instituted a series of dramatic actions intended to stabilize the markets and the global economies. On March 15, 2020, the Federal Open Market Committee…
By Tom Burnett, CFA In a March 10, 2020, Wall Street Journal Opinion letter, former Federal Reserve member and current Princeton University professor Alan S. Blinder indicated that he is ‘90% sure’ that the U. S. economy will enter a recession (defined as two consecutive quarters of negative GDP…