December 21, 2024 – Chief Economist and Managing Director, Jeanette Garretty appeared on Bloomberg Daybreak Asia to discuss the US economic outlook. “I think it’s a point that we have long wanted to be at a point of actually greater certainty about what the outlook is for basic economic conditions,” says Garretty. “But there is a third inflection point going on that you sort of alluded to, I want to mention explicitly, which is a significant slowdown in economic growth in the United States. In the third quarter, the economy expanded 5.2% with the estimate revised upwards very recently. Right now, most of the numbers indicate the economy is growing somewhere between 1.8 and 2%.That’s not a bad number but it is potentially for some people, for some companies, it’s going to feel like a bit of a shock.” Watch here.
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