This Global Economic Outlook from Northern Trust, led by Carl R. Tannenbaum and team, analyzes prospects for a global soft landing amid monetary tightening and geopolitical challenges.
• Global Trends: Resilient growth and easing inflation support a soft landing, though U.S. trade policies and geopolitical conflicts remain risks.
• U.S. Economy: GDP grew 2.8% in Q3; fiscal imbalance and tariffs could slow the Fed’s easing pace.
• Eurozone Weakness: Industrial recession persists; disinflation pressures the ECB to lower rates further.
• China Struggles: Policy easing continues, but structural challenges hinder recovery.
For a deeper analysis of regional economies and policy forecasts, access the full report.
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