Gregory Daco, Chief US Economist at Oxford Economics joins Bloomberg TV’s Tom Keene, Jonathan Ferro and Lisa Abramowicz. In this show, Tom, Jonathan and Lisa have the economy and the markets “under surveillance” as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets.
Gregory examines the latest signals from our US Recovery Tracker and discusses Oxford Economics’ optimistic forecast for the US economy, which highlights 7% US GDP growth, 7 million new jobs, a 4.6% unemployment rate in Q4 and 2.4% core inflation in Q4.
The discussion also centered around the unavoidable, but not uncontrollable firming of inflation, and Fed’s delicate position with long-term rates rising rapidly.
Gregory Daco’s interview begins at 25:10 and lasts for 10 mins. Watch and listen to the full interview below:
You may be interested in
Sneak preview: our new Asia Real Estate Service
The new Asia Real Estate Economics Service helps companies understand the implications of macroeconomic, geopolitical, financial and climate change on private and public real estate performance in Asia. The first globally consistent and independent set of real estate forecasts, the service offers regular analysis and commentary from our highly experienced team of real estate economists.Find Out More
Oxford Economics Launches Global Risk Service
Oxford Economics launches our Global Risk Service, a suite of data-driven and forward-looking tools that measure macro-economic and financial crises risks in 166 countries.Find Out More
Australia’s CAPEX falters in Q1, with cost inflation to test activity
Private new capital expenditure fell 0.3% q/q in Q1 2022, led lower by a fall in buildings and structures investment. The weak result is in part due to the impact of Omicron on labour availability, and the postponement of construction activity in flood affected areas. Machinery & equipment volumes rose in the quarter.Find Out More