Upon surveying a panel of economists, Bloomberg found that the nation’s gross domestic product is projected to grow at 4.3% year-over-year. This would show that the U.S. remains economically strong while Europe and China continue to stagnate.

Personal consumption is expected to grow at a 4% rate, showing consumer resilience despite two years of high interest rates in the face of persistent inflation. Such promising economic data does look likely to convince the Fed to extend its tight fiscal policy, Fed Chair Jerome Powell admitted.

“Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy, Powell explained.

The post Latest Data Expected to Show Continued U.S. Economic Strength appeared first on theprimarymarket.com.

Official data released on Friday showed that Mexico’s economy grew by 3.1% in 2022. This is despite a fourth-quarter slowdown to 0.5% growth after a third-quarter growth of 0.9%.

Mariscal, who helps develop the economic forecasts used by the government to draft its budget document, stated that the forecast is expected to remain mostly the same in the 2024 budget that is now being prepared.

The country’s economic growth is largely tied to that of the United States, which is by far its largest trade partner. This means that both nations’ elections in 2024 will have an impact on Mexican economic activity.

Preliminary data showed that foreign direct investment in Mexico rose 12% last year to reach $35.3 billion.

The post Mexican Economic Forecast for 2023 Better Than Expected, Official States appeared first on theprimarymarket.com.

The country’s debt in December fell to 73.5% of its GDP from a figure of 74.6% the previous month. This is the lowest level since July 2017, when Brazil’s debt accounted for 73.2% of its GDP.

Among the drivers for this suppression of debt are an improved local job market, solid service activity, and an increase in government fiscal stimulus ahead of the presidential election that took place in October 2022.

Brazil’s public sector was largely influential in the debt turnaround, recording a primary deficit of 11.8 billion reais ($2.3 billion) but a primary surplus of 126 billion reais; its best result since 2011.

This positive result comes just two years after the South American nation posted a record deficit of 703 billion reais in 2020, largely caused by a sharp rise in spending during the coronavirus pandemic.

The post Brazil’s Debt Hits Lowest Level in Five Years appeared first on theprimarymarket.com.

Things aren’t completely out of sync. Every now and then a company will shatter recession expectations with a quarter than surpasses expectations, leading us to believe that perhaps things aren’t as worrisome as others would have us believe.

But if you ask the following economists, they may not mince words. Putting it harshly is exactly what they did, and their opinions aren’t easy to swallow.

“Can feel the economy weakening,” said an expert in the field. “Clients are making appropriate moves in anticipation of a recession.”

Another executive within the industry shared a similarly bleak, albeit slightly hopeful, sentiment: “Holding steady, but some headwinds are definitely ahead on the economic front. However, supply chain issues appear to be easing, though still not great.”

Wells Fargo economists also chimed in with their two cents, no pun intended: “Despite increased concern of a downturn, there was little sign of a slowdown in the details of the report. The staying power of consumers will eventually run out, but the July ISM services data further support our view that service-sector activity will hold up well in the near-term.”

The post Economists Not Hopeful About State of Things to Come appeared first on theprimarymarket.com.

Upon surveying a panel of economists, Bloomberg found that the nation’s gross domestic product is projected to grow at 4.3% year-over-year. This would show that the U.S. remains economically strong while Europe and China continue to stagnate.

Personal consumption is expected to grow at a 4% rate, showing consumer resilience despite two years of high interest rates in the face of persistent inflation. Such promising economic data does look likely to convince the Fed to extend its tight fiscal policy, Fed Chair Jerome Powell admitted.

“Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy, Powell explained.

The post Latest Data Expected to Show Continued U.S. Economic Strength appeared first on theprimarymarket.com.

Official data released on Friday showed that Mexico’s economy grew by 3.1% in 2022. This is despite a fourth-quarter slowdown to 0.5% growth after a third-quarter growth of 0.9%.

Mariscal, who helps develop the economic forecasts used by the government to draft its budget document, stated that the forecast is expected to remain mostly the same in the 2024 budget that is now being prepared.

The country’s economic growth is largely tied to that of the United States, which is by far its largest trade partner. This means that both nations’ elections in 2024 will have an impact on Mexican economic activity.

Preliminary data showed that foreign direct investment in Mexico rose 12% last year to reach $35.3 billion.

The post Mexican Economic Forecast for 2023 Better Than Expected, Official States appeared first on theprimarymarket.com.

The country’s debt in December fell to 73.5% of its GDP from a figure of 74.6% the previous month. This is the lowest level since July 2017, when Brazil’s debt accounted for 73.2% of its GDP.

Among the drivers for this suppression of debt are an improved local job market, solid service activity, and an increase in government fiscal stimulus ahead of the presidential election that took place in October 2022.

Brazil’s public sector was largely influential in the debt turnaround, recording a primary deficit of 11.8 billion reais ($2.3 billion) but a primary surplus of 126 billion reais; its best result since 2011.

This positive result comes just two years after the South American nation posted a record deficit of 703 billion reais in 2020, largely caused by a sharp rise in spending during the coronavirus pandemic.

The post Brazil’s Debt Hits Lowest Level in Five Years appeared first on theprimarymarket.com.

Things aren’t completely out of sync. Every now and then a company will shatter recession expectations with a quarter than surpasses expectations, leading us to believe that perhaps things aren’t as worrisome as others would have us believe.

But if you ask the following economists, they may not mince words. Putting it harshly is exactly what they did, and their opinions aren’t easy to swallow.

“Can feel the economy weakening,” said an expert in the field. “Clients are making appropriate moves in anticipation of a recession.”

Another executive within the industry shared a similarly bleak, albeit slightly hopeful, sentiment: “Holding steady, but some headwinds are definitely ahead on the economic front. However, supply chain issues appear to be easing, though still not great.”

Wells Fargo economists also chimed in with their two cents, no pun intended: “Despite increased concern of a downturn, there was little sign of a slowdown in the details of the report. The staying power of consumers will eventually run out, but the July ISM services data further support our view that service-sector activity will hold up well in the near-term.”

The post Economists Not Hopeful About State of Things to Come appeared first on theprimarymarket.com.