Economic Outlook

Hear directly from RBC Global Asset Management Chief Economist, Eric Lascelles in his monthly and quarterly updates. Representing RBC GAM Investment Strategy Committee's (RISC) economic views, Eric shares timely insights and the expectations of RBC GAM on the global economy.

Monthly Economic Outlook Webcast

Monthly Economic Outlook Webcast

2018 gets interesting - February 2018

Eric Lascelles, Chief Economist, RBC Global Asset Management, shares the latest views on the global economy and offers insight into today’s economic issues.

The webcast includes an audio and slide presentation.

Launch Presentation

Key Highlights

  • While we have seen synchronized global economic strength over the past several quarters, geopolitical concerns continue to pose a threat.

  • Loose financial conditions have supported the global economy, but the pace of its growth may be challenged by higher oil prices, rising yields and a weaker U.S. dollar.

  • U.S. tech companies have posted impressive gains over the last year. Some have grown to the extent they appear to be monopolies or oligopolies, which investors should consider if government anti-trust regulations come into play.

  • RBC GAM has updated our forecast for NAFTA renegotiations to a 35% risk of termination, 25% possibility of modest changes and 35% chance of no changes.

  • The Trump administration's tax cuts have slashed U.S. corporate tax rates from 35% to 19% since implementation. At 20%, Canadian corporate tax rates are now higher than U.S. tax rates, which is a concern for Canadian competitiveness.

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