Steel Products Prices North America
September 3, 2019
CRU: Growth Risks Further Skewed to the Downside
Written by Tim Triplett
By CRU Principal Economist Lisa Morrison
The last month has been interesting from a forecast standpoint given the reversal in the Fed’s monetary policy stance at the end of July, new developments in the U.S.-China trade war and a shift in currency policy in China. Through all this policy change, we continue to see a two-speed global economy where manufacturing is declining while services are holding their own, or at the very least are not losing momentum at the same rate as manufacturing. As one would expect, the continuing policy turmoil has not improved the global economy’s growth prospects as we look towards 2020.
