Global Perspectives: Waves of a Global Slowdown Wash Ashore in the U.S.

Foreign Exchange - Global Perspectives
Waves of a Global Slowdown Wash Ashore in the U.S.
Waves of a Global Slowdown Wash Ashore in the U.S.
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Earlier this week Paul Single, our colleague at City National Rochdale, focused his Economic Perspectives video on weakness in Europe.
The news from Europe got even worse during the course of this week. German industrial orders declined at the fastest rate since 2012 and the Italian economy posted slightly negative GDP in the last two quarters of 2018, officially putting that country into recession.
In our morning commentary earlier this week, we talked about developments in Australia. A day after its central bank issued a rate decision that was considered a "hawkish hold," the governor warned markets that the next move could be a cut, due to fears of a global slowdown.
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