Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook | Crypto Craft

  • Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook

    From economics.td.com Story is in PDF Format

    A sharp oil supply shock has yet to upend the global economy. Higher energy prices and rising uncertainty have trimmed roughly 30 basis points from global growth expectations compared to prior to the conflict. Since the disruption to the Strait of Hormuz has persisted longer than expected since our March forecast, more modest forecast downgrades are in store for the U.S., Canada, Europe, and Japan by roughly 10-20 basis points — noticeable, but not severe. Policy support should help to soften part of the blow. In the U.S., for example, some of our downgrade in real GDP growth to 2.2% reflects the hit to household ... (full story)

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