German Finance Minister Olaf Scholz, representing the Social Democrats in Angela Merkel’s government, has predicted in an interview with Bild that the time of Germany enjoying unforeseen additional tax revenue […]
“Business investment is very high and the level of unemployment is so low that there are more jobs to fill than unemployed for the first time in history.” This is […]
After a turbulent six months, the Swiss economy looks to be stabilising. A closely-watched leading indicator of Switzerland’s economy, the Kof Economic Barometer, climbed in June for the first time […]
Switzerland is currently experiencing an “increasingly broad-based upswing,” with a government report Tuesday sticking to its forecast that the economy will grow by 2.4 percent in 2018. Statistics from the […]
In the asset management industry, we cannot afford to bury our heads in the sand about AI. At the most basic level, it will transform some of the businesses we own and lead to new investment opportunities that we must be open to.
What is likely to affect the US economic activity in the near term?
I suppose that the US economy is on a fairly solid and steady growth path at the moment. I think that there are no serious policy errors and the economy will continue to show steady performance in the near term. However, possible policy errors would be an upturning protectionist action and probably the ending of the NAFTA, while tax measures would make a positive contribution to the economy. Nevertheless, I do not think the economic impact of the latter would be as strong as some people hope; there would be a moderate support and sustaining recovery rather than a strong boost.
Nobody knows for certain what cars will look like in 2050, but we can make some sensible guesses based on the research and development that companies are doing today.
Latest reports revealed that the Consumer Price Index for July remained at about the same level it was seen back in June, when it was reported to have increased 1.2% y/y/. Is it reasonable to expect a higher inflation in the next quarter?
Yes, we do see inflation in Canada grinding higher in the next 3-6 months, though it is going to be a slow track up to the bank’s 2% target. Some of the weaknesses has occurred due to temporary factors that are likely going to reverse to some extent in the nearest future. At this point, we continue to believe that the economy is operating at a relatively high level and that the growth will create modest inflation pressure.
