Economic & Market Perspectives: Hints of Green Shoots

Weighed down by trade tensions, policy uncertainty and less favorable financial conditions, the global economy has continued to struggle in the first few months of 2019.

To view this email as a web page, click here. Economic & Market Perspectives May 2019 Hints of Green Shoots Weighed down by trade tensions, policy uncertainty and less favorable financial conditions, the global economy has continued to struggle in the first few months of 2019. However, many of the factors that have depressed growth are lifting, and we are starting to see hints of "green shoots" (or at least stabilization) in recent data. For the first time in nearly a year, prospects, while still subdued and increasingly divergent, are looking less gloomy. The biggest change has been in policy. A year ago, confidence in the global economy led global policymakers to move too far and too fast, ultimately hurting growth. The pendulum is now swinging the other way. Central banks are no longer actively tightening policy and even appear to be leaning toward easier policies, focusing on stimulating demand rather than nonexistent inflation pressures. Governmental budgets are also turning more stimulative. As a result, last year's global stock selloff has largely reversed, and other measures of financial market stress are relaxing. Learn More on CNR.com » Follow Us Investment management services provided by City National Bank through its wholly-owned subsidiary City National Rochdale, LLC, a registered investment advisor. Any opinions, projections, forecasts, and forward-looking statements presented herein are valid as of the date of this document and are subject to change. Bonds and bond funds are subject to interest rate risks and will decline in value as interest rates rise. This risk is heightened with investments in longer duration fixed-income securities and during periods when prevailing interest rates are low or negative. All investing is subject to risk, including the possible loss of the money you invest. Past performance is no guarantee of future results. Investment Products are: • not insured by the FDIC. • not a deposit or other obligation of, or guaranteed by, the bank. • subject to investment risks, including possible loss of the principal amount invested. Unsubscribe from this list  |  Update email preferences This message has been sent to bank@banking.offers.report. Please do not reply to this email. To ensure the delivery of future emails, please add email@emails.cnb.com to your email address book or safe sender list. Copyright © 2019 City National Bank – All Rights Reserved. 350 South Grand Avenue, Los Angeles, CA 90071 City National Bank is a subsidiary of Royal Bank of Canada. TERMS & CONDITIONS  |  PRIVACY STATEMENT NMLSR ID# 536994 | City National Bank Member FDIC