An economy cannot subsist on services alone.
Foreign demand for U.S. Treasuries remains intact.
To anyone going through a breakup, just remember this lyric from Bernadette Peters: “If I’m patient the break will mend and one fine morning the hurt will end.”
U.S.-Europe negotiations involve more than just tariffs.
An "end-to-end" approach in process management means handling a task or product from its initial planning stages to the finishing point or delivery, without relying on intermediaries for specific steps. No nation does this better than China.
In the aftermath of the 2018 trade skirmishes with China and the pandemic, nearshoring and friendshoring quickly became buzzwords. But like many other catch phrases, these two may soon fade from usage and memory.
The U.S. may not walk back all of the new tariffs.
For decades, U.S. Treasuries have been universally regarded as a benchmark and a safe haven asset during periods of turmoil.
After the U.S. imposed substantial tariffs on China, Beijing responded with tariffs of its own and with restrictions on exports of seven rare earth minerals. The latter action will be a particular hindrance to American manufacturers.
Asia-Pacific will likely be the hardest hit region from a steep increase in U.S. tariffs.
Measures announced so far this year have pushed the effective U.S. tariff rate above 20%. The astonishing jump has raised import taxes to a level not seen in about a century.
The canal is a vital and valuable trade route.
Two Sessions, or Lianghui, is the popular name for the annual meeting of China’s top legislative and consultative bodies. These gatherings are closely watched by overseas observers as they provide key insight into China’s political landscape, economic priorities and overall policy direction.
Germany is newly motivated to reconsider its fiscal restraint.
Many ASEAN members punch above their economic weight in international trade. But their power may also make them targets in the mounting global trade battle.
Europe has real risks and real bargaining tools in a trade confrontation.
The costs and revenue of U.S. tariffs are being blunted by evasion.
China will struggle to maintain momentum without addressing deeply-rooted problems.
The Northern Trust Economics team shares its outlook for key APAC markets.
Most of us like to ring in the new year with fresh energy. The Europeans appear to have made good on this resolution.
International commerce often follows the simple rule: one nation’s loss can result in another’s gain. China’s loss from escalating trade tensions with the U.S. is generating gains for several Asian economies, but India is not one of them.
In sport, play is limited by time or innings. Lineups are set, rules are fixed and boundaries are defined. Winners are determined objectively.
Western economies are inching towards soft landings, and their central banks are reducing interest rates. These developments will be helpful to economies in the Asia-Pacific region as they conclude 2024 and look forward to next year. However, the outlook for China remains a central concern.
Energy policy decisions today will have long-lasting implications.
Asia-Pacific economies will benefit from soft landings and easier monetary conditions.
The election could alter the thriving relations between the U.S. and Europe.
Tougher stances on trade are a point of bipartisan agreement.
The Northern Trust Economics team shares its outlook for growth, inflation and interest rates in major markets.
Tax cuts are popular but not affordable for most nations.
The Northern Trust Economics team reacts to the Fed's decision and shares its outlook for U.S. growth, employment and inflation.
How rapidly should the Fed cut rates?
The BRICS Pay initiative aims to better integrate currencies for trade and facilitate cross-border transactions among its members.
A bright spot in Chinese investment could spell trouble for its financial institutions.
A Soft Landing Scenario Is Still a Realistic Base Case.
The 19th Century American author Mark Twain once said: “Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one’s lifetime.”
The Bank of Japan needs to proceed cautiously.
North American trade is booming, but gains have been uneven.
Western demand and monetary policy are having an important impact on economic prospects for the Asia-Pacific region.
Slower spending is a part of the return to normal economic conditions.
The initiation of the excessive deficit procedure will hinder European unity.
The Northern Trust Economics team shares its outlook for major markets, with a spotlight on the eurozone.
The allure of China as a global manufacturing hub is unlikely to fade anytime soon.
The health of the British economy is top of mind for voters in this election.
European disinflation allowed for a first cut, but the pace from here will be gradual.
Investors are reconsidering long-term capital commitments.
Lower interest rates in Europe will favor spending over saving.
The Northern Trust Economics team shares its outlook for growth, employment, inflation and interest rates in major markets.
The price gap between eating out and cooking at home is rising.
The Northern Trust Economics team shares its outlook for U.S. growth, employment, interest rates and inflation.
