Economic Market Update

Economic Market Analysis BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS®, CHAIRMAN OF THE FUTURIST INSTITUTE® ISTOCK.COM/MICROSTOCKHUB The 2025 economic outlook is a mix of potential and pitfalls. On the upside, inflation is likely to cool further this year, while the labor market is poised to remain relatively solid, positive GDP growth continues and interest rates fall. However, geopolitical tensions and ...

Economic Market Analysis BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS®, CHAIRMAN OF THE FUTURIST INSTITUTE® As we look to finish out 2024, the number of risks threatening the outlook are numerous. The geopolitical landscape is fraught with conflict risks from Cold War Two tensions and proxy conflicts. Domestically, the run-up to the 2024 presidential election has been divisive and frustrating ...

Economic Market Analysis BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS®, CHAIRMAN OF THE FUTURIST INSTITUTE® Global manufacturing and growth were under significant pressure in 2023 and early 2024. But the prospects for the second half of 2024 are more favorable. Despite elevated interest rates, U.S. and Chinese manufacturing PMIs picked up in late Q1 2024, hinting at more upside ahead ...

BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS®, CHAIRMAN OF THE FUTURIST INSTITUTE® The global economy has also been slowing, but the U.S. economy continues to post solid growth. Our U.S. economic outlook is modestly positive, although we expect a slowing in U.S. growth, U.S. job gains and U.S. inflation this year. Meanwhile, European, Chinese and emerging market growth have been under ...

BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS®, CHAIRMAN OF THE FUTURIST INSTITUTE® The year 2023 was one of twists and turns. There were significant tech layoffs, a banking crisis, slowing inflation, Fed rate hikes, elevated geopolitical risks and AI obsession. While some of these events were fortunate breakthroughs, a few took the world by surprise in not-so-welcome ways. This naturally leads ...

BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS, CHAIRMAN OF THE FUTURIST INSTITUTE® The economic outlook for the end of 2023 is mixed. Global growth data has weakened, while data in the United States has remained resilient. Global GDP growth and manufacturing have slowed. But the U.S. labor market has been relatively resilient even though U.S. manufacturing has slowed. The U.S. economy ...

Economic Market Analysis BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS AND CHAIRMAN OF THE FUTURIST INSTITUTE® High interest rates threaten the outlook In the wake of significant interest rate increases, the economic outlook includes high uncertainty. This is true across economies globally, but it is especially true in the United States, where the Fed has worked hard raising rates to ...

BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS AND CHAIRMAN OF THE FUTURIST INSTITUTE® Everything hinges on inflation The Fed has a dual mandate to keep the economy at full employment and prices low and stable. While jobs were strong in 2022, inflation has been worryingly high. At the end of 2022, unemployment returned to an impressive pre-COVID low of 3.5%, while ...

Economic Market Analysis BY JASON SCHENKER PRESIDENT, PRESTIGE ECONOMICS, CHAIRMAN, FUTURIST INSTITUTE® A year of shifting forces The year ahead is one of significant risk but also opportunity. While backlogs of unfilled orders have been a hindrance to revenue since mid-2020, those same backlogs could help keep manufacturing and material handling activity somewhat buffered from the persistent rise in interest ...

While the hallmarks of this year’s economic activity in the United States and other advanced economies have been slower year-on-year growth rates with relatively high inflation, the pressures on EM and LIDC economies are dire—and mounting with each passing month.