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Wells Fargo Presents its Monthly Economic Outlook

In this month’s 6 minute update, Wells Fargo Global Economist Jay Bryson and Economist Michael Brown discuss the 1.1% US GDP growth projection for Q1 of 2017, the projected GDP in the Eurozone, reviewing possible destabilizing factors, and China’s projected growth.

March 2017
posted Mar 21, 2017


2017 Global Economic Outlooks

Global Outlook

Global Outlook

“If you look at the parts of the global economy, I think the US has led the improvement and we do expect continued 2% to 3% percent growth in the US,” says Jan Hatzius, chief economist and head of Global Economics and Markets Research at Goldman Sachs.

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Asia Outlook

Asia Outlook

“[China’s] ability to manage the financial imbalances and risks while keeping growth on a reasonably stable trajectory is going to be a key driver for the rest of Asia,” says Andrew Tilton, chief Asia Pacific economist, Goldman Sachs Research.

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US Outlook

US Outlook

“Our expectations for economic policy under the Trump administration and under unified Republican control… are that there will be tax reform coupled with some fiscal easing and also some increase in infrastructure spending. And we do expect that to provide a positive impulse to economic growth,” says Jan Hatzius, chief economist and head of Global Economics and Markets Research at Goldman Sachs.

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China Outlook

China Outlook

“We expect the government to continue to make a push for high levels of infrastructure spending growth, and then consumer spending we think will continue to grow at a pretty rapid clip,” says Andrew Tilton, chief Asia Pacific economist, Goldman Sachs Research.

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