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.
Glide path toward normal growth - September 2021
Has the Delta wave finally peaked? Case numbers are falling in many countries, and much of the emerging market world is seeing lower transmission rates. Chief Economist Eric Lascelles notes it is still too early to say as we enter a new season. Eric also discusses downgraded economic forecasts. While our outlook for 2022 remains strong, it is now below consensus. Over to the U.S. business cycle, where mounting evidence suggests a forward shift from early to mid-cycle. Despite inflation still being high, market concern seems to be winding down, as the commodity rally fizzles and supply chain issues stabilize. Finally, a check up on household finances.