Commentaries

Economic Commentary & Outlook

Economic Commentary & Outlook

Coming into 2023 and 2024, much of the talk on Bay and Wall Streets surrounded the potential for, and timing of, an upcoming recession. The general narrative for both years was that inflation and interest rates were too high and would suffocate consumer borrowing and...

Economic Commentary & Outlook

Economic Commentary and Outlook

Relative to the mostly dire economic forecasts made a year ago, 2023 turned in a strong all-around performance as inflation fell across most major economies from the peaks experienced in 2022. Importantly, this performance happened without a recession as most...

Economic Outlook 2024

Economic Outlook 2024

In our latest Foyston for Thought Video series, we present three episodes featuring Cameron Greenwood, Vice President & Portfolio Manager – Fixed Income, discussing the outlook for inflation and interest rates. He also explains the risks of a recession. [video...

Economic Commentary & Outlook

Q4 2017 Global Economic Overview

The synchronized global economic expansion continued to support markets during the quarter. The year will be remembered as an unusual one with strong global economic and financial market performance paired with heightened political uncertainty. A lack of clarity...

Economic Commentary & Outlook

Q4 2018 Global Economic Overview

Economically speaking, compared with other developed market economies, the U.S. was a standout for most of 2018. U.S. tax cuts and a large fiscal expansion improved GDP growth while most other developed economies slowed.

Economic Commentary & Outlook

Q4 2019 Economic Update

Despite ending the year (and decade) on a positive tone, the economic outlook remains somewhat murky. While progress has been made on several big issues faced by financial markets in 2019, loose ends which could unravel in 2020 remain.

Economic Commentary & Outlook

Q4 2021 Economic Update

The global economy is poised for another year of abovetrend growth in 2022, albeit at a slower pace than 2021. At this time last year, the Organization for Economic Co-operation and Development (OECD) forecast global economic growth of 4.2% in 2021, following an...

Economic Commentary & Outlook

Q4 2022 Economic & Market Outlook

One year ago, expectations for the global economy were generally positive: a slimmed-down continuation of the reflationary theme experienced in 2020 resulting from pent-up demand, robust fundamentals, and constrained supply. Decent nominal GDP growth of around 6.5%...

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