Author Archives: Danielle Park

World bank cuts global growth outlook

Posted on June 11, 2025 by Danielle Park

The World Bank sharply cut its global economic growth forecast. It now projects the global economy to expand by 2.3% in 2025, down from an earlier forecast of 2.7% (below, courtesy of Bloomberg). This would mark the slowest rate of … Continue reading →

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Wise to be wary

Posted on June 10, 2025 by Danielle Park

Worried about tariff-inspired inflation, the US Federal Reserve has held its overnight target rate steady at 4.25 to 4.5% since December, and markets have walked back easing expectations to just two 25 basis point cuts by year-end. At the same … Continue reading →

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Bank of Canada holds while the economy devolves

Posted on June 9, 2025 by Danielle Park

Canada’s unemployment rate has climbed to 7% from 6.2% a year ago, and up 210 basis points from 4.9% in June 2022 (chart below via The DailyShot). Excluding the pandemic, this is the highest unemployment rate since 2016 (Statscan report … Continue reading →

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