Don’t underestimate this economy
Despite worrisome headlines about the economy, recent data show only a modest loss of momentum.
Category: Macroeconomics
Assembling the global growth mosaic
Putnam’s macroeconomic research identifies factors that point to continued weakness in the long-term growth potential of several major developed countries.
Innovation is a major driver of growth
Our analysis of TFP — Total Factor Productivity — gives us confidence that innovation can sustain long-term economic growth at pre-2008 levels.
Why energy prices may stay weak
While energy consumption had been relatively stable in the developed world, supply has continued to expand.
The coiled-spring economy
Despite ups and downs in quarterly GDP, we see trends that herald the economy’s return to the “old normal,” pre-financial crisis pace of growth.
What may unlock consumer spending
While retail sales have been rather weak, key elements of consumer spending on services, including housing, are growing.
Old thinking in China raises doubts
A recent public spending plan in China suggests authorities may be revisiting old habits.
Why the economy looks solid
Despite jittery global markets, we believe consumer and trade data point to a balanced and healthy U.S. economy.
The U.S. takes the policy road less traveled
The difference between U.S. and European economic growth trajectories may come down to policy paths taken or not taken.