April 2019

Economic and Market Update

Having recently spent several days in Washington at International Monetary Fund (IMF) and Bretton Woods Committee meetings, I thought it might be helpful to summarize some of the main insights from the discussions. Slower growth expected, globally, and in the U.S.:

As a backdrop, the IMF’s forecasts for global growth are skewed to the downside, primarily due to global trade tensions. For the U.S., the IMF is forecasting growth of 2.3% for 2019, slightly less than the previous forecast of 2.5%.