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

Political complications heat up - June 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
Disclaimer

Key Highlights

  • Macroeconomic signals are waning somewhat, but still consistent with solid growth.

  • Recent data indicates that intentions to invest in businesses by the U.S. and Eurozone are at their highest levels in a decade, which should lead to higher GDP and improved productivity down the line.

  • Key protectionist risks, including NAFTA, U.S.-China relations and 'blanket tariffs' on steel and aluminum around the world, may result in a slightly negative impact on U.S. growth.

  • In the short run, U.S. inflation is likely to rise above 3%, then fall back to slightly above the 2% target that the Fed maintains.

  • Italy's president rejected a populist coalition, causing political turmoil and bond market instability.

  • The recent increase in oil prices has been supported by the reduction of the world's oil inventory surplus. We believe prices may increase further until oil production picks up.


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