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.
New and lingering headwinds for growth - December 2021
In this month’s webcast, Chief Economist Eric Lascelles reviews the current COVID-19 situation. As the number of cases continues to rise in many developed countries, the emergence of a new and possibly more contagious variant – Omicron – could push infections significantly higher. Eric details some best and worst case scenarios in responding to the variant, and discusses its potential impacts to the world economy. Eric also provides an update on the U.S. business cycle scorecard, noting we are in mid-cycle, and are advancing quickly. He concludes with some thoughts on inflation, and whether inflationary pressures will persist in 2022.