Frances forecasts global macroeconomic and financial trends, analyzes the economy and capital markets for potential opportunities and risks, and serves as a thought leader both within the firm and externally. As a senior member of the firm’s multi-asset solutions team, she coordinates global macro research, assists in the team’s return forecasting process, and contributes to portfolio positioning views.
Prior to joining Manulife, Frances worked as a financial economist for Scotiabank in Toronto, and before that as a global macro analyst for Pavilion Global Markets in Montreal. Earlier in her career, she held various positions at Deloitte, Roubini Global Economics, and Bank of Canada. Frances is a frequent public speaker and regularly appears in international media, including Bloomberg and CNBC.
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Three-minute macro: real rates, real concerns
Real rates are on the rise, which may create issues for equity investors, while COVID-19 may exacerbate inequality issues. Read more.
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Macro disruptors: hidden themes that could reshape the world economy
Discover the four key themes that could shape 2021 and the macro disruptors that could redefine the way we understand the global economy.
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How should investors approach the upcoming U.S. election?
Uncertainty typically spikes in the lead-up to the U.S. election. Our Global Chief Economist Frances Donald identifies key themes that investors should be monitoring.
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Global Macro Outlook: navigating a slowing recovery
In this edition of Global Macro Outlook, we outline the key macroeconomic themes that are likely to shape the financial markets during the stall-out phase of the recovery and highlight how it’s playing out in major economies around the world.
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Financial markets and the U.S. election
The U.S. election may be months away, but from a policy perspective—particularly on the economics front—COVID-19 might have already shaped key aspects of the next presidency.
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Global markets at a key inflection point: six working assumptions
As we enter the second phase of the recovery, growth momentum is likely to stall. We identify key themes that could shape global markets in the coming months.
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Global Macro Outlook—an uneven recovery begins
The worst of the economic impact arising from the pandemic seems to be over. Our macroeconomic strategy team examines the issues that could shape the recovery.
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Should the Fed engage in yield curve control?
Expectations that the U.S. Federal Reserve might soon implement yield curve control are rising. Is it the appropriate policy response at this juncture?
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Economic spotlight
Follow our bi-weekly outlook and updates on Canadian market trends by Frances Donald. Discover the resources and expertise you need to aid investment decisions.
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May U.S. jobs report stuns—hello V-shaped recovery?
The unexpectedly strong May U.S. jobs report caught many investors off guard. Does it mean that a reassessment of U.S. growth prospects is now needed?
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