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

Mixed economic readings - June 2017

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

  • Global economic signals have improved, but are no longer accelerating. The U.S. economy experienced a post-election burst of strength, which is now subsiding. However, the rest of the developed world is continuing to strengthen as there is less evidence that economies have peaked outside the U.S. and China.

  • The European economy is growing quickly as political risks have diminished, especially with political-centrist Macron's presidential win in France. Following the Brexit announcement, appetite for a Eurozone breakup has declined significantly.

  • Lower-income U.S. households continue to suffer as socio-economic inequality continues in the country. However, even though spending is low, consumer confidence has risen in all socio-economic groups since the economic crisis – and within the bottom third even more than expected.

  • Ontario's economy continues to do well. Alberta has rebounded significantly since the oil shock and at a much faster pace than anticipated. The province is now growing faster than other big provinces like Quebec and British Columbia, and its rapid growth has had a positive effect on the broader Canadian economy.

  • RBC GAM sees the housing market in Toronto cooling off as regulatory policies have led to declining prices.

Current economic trends: An in-depth look with Eric Lascelles

RBC Global Asset Management Chief Economist, Eric Lascelles identifies and dissects key signals hidden within noisy economic data and fast-moving financial markets.

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