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.
Pushing past the third wave - May 2021
Chief Economist Eric Lascelles starts off the month with an update on the latest COVID developments. He notes the sustained progress in many developed markets -- due largely to vigorous vaccine efforts--, and addresses the ongoing devastation in India. Eric also looks at the latest Canadian economic data, with a positive view on job numbers and the retail and industrial sectors. Finally, Eric dives into near- and long-term views on inflation, government spending and productivity.