Viewpoints about Global
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Q4 2022 in review
The Canadian and U.S. stock market rallied in the fourth quarter. Global equities and bond markets also advanced adding a positive note to a historically severe downturn in 2022.
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How emerging-market equities’ rebound rally could extend throughout 2023
The emerging-market equity outlook has brightened after a challenging 2022. We explore the improving prospects in Mainland China, the information technology sector, and more.
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2023 Q1 Global Macro Outlook—The Year Ahead
We expect 2023 to be a year of two halves: H1 could be defined by a material slowdown in growth as the effects of aggressive monetary tightening kick in, while H2 could see an easing in macroeconomic conditions. Read our economic growth forecast for 2023.
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The tailwinds of change: Three-minute macro
Inflation is showing signs of moderating, and if history is any indication, that could be a tailwind for equities. We’ve also got eyes on the timeline for a reopening in China, and on Americans’ excess savings, which aren’t excess for everyone.
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Don't be so negative: Three-minute macro
Earnings estimates have started to decline, but some sectors are doing far better than others. We also take a look at European trade dependence and how different commodities might perform in a slowing economy.
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What does a strong dollar mean for global growth?
As the world's dominant reserve currency, movements in the U.S. dollar can have important implications for the world economy. Our experts identify three channels through which dollar strength can shape growth. Learn more.
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Q4 2022 Global Macro Outlook
Rising inflation, enduring supply chain disruptions, and rising uncertainty—hardly a strong start to 2022; however, our macroeconomic strategy team believes that global growth prospects will become brighter as the year progresses.
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Das economy: Three-minute macro
With a full-blown energy crisis, the outlook for Europe’s largest economy is dire, with many headwinds to face. Meanwhile, investors might not know it, but ESG factors are having major impacts on the global economy.
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Time to deliver: Three-minute macro
Delivery times for products are improving, which should help ease inflation pressures. But a hawkish Bank of Canada has us keeping an eye on the housing market, while we think the European equity market is underpricing risk there.
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Under pressure: Three-minute macro
This month, we note that the equity risk premium isn’t indicating a growth slowdown in the near future (despite our views to the contrary), while also cautioning that fewer people may be heading back to the office than we suspect many are hoping for. Finally, we look at how the Federal Reserves aggressive policy trajectory might affect Asia.
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