Updated: Dec 6, 2019
In our prior note we highlighted a downshift in US economic growth. The same thing is occuring in EU and Canada. Central Banks there are beginning to signal a shift from their current stances (EU already easing to the extreme & last night additional measures to make more loans available at very low rates while Canada was tightening) to further easing. The aim is to increase economic growth in the the 2H19. Virtually every Central Bank is following suit which is possibly why markets globally as dismissing rather abysmal 1Q19 growth looking past it (until this week). Whether markets have fully factored in better 2H growth is the question. Business owners and individuals alike should keep abreast of these issues when planning financially.
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