Inside the Economy: Global Economy, New Administration, and Trade
Description
This week on Inside the Economy, we explore the global economy, the new administration’s economic direction, and trade. Looking at projections for global GDP growth in 2025, we’re not expecting significant growth in countries like Great Britain and Germany. How will their respective central banks manage inflation compared to the United States? The U.S. economy has experienced steady post-pandemic GDP growth, with consumer spending leading the way. In the year ahead, we’ll be closely monitoring both consumer consumption and government spending. As for inflation, what key components will be monitored to ensure CPI remains steady? Turning to global supply chains, the ISM Manufacturing Index has remained in contraction for most of 2024. Key drivers include ongoing supply chain disruptions and the strength of the U.S. dollar. On the flip side, where does the services sector stand—contractionary or expansionary—heading into 2025? Tune in to learn more!
Key Takeaways:
- Crude Oil at $76.13 a barrel
- Unemployment at 4.1%
- S. GDP growth rate at 3.1% in Q3
United States
