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Global Economic Perspective: February
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 2/17/17

For all that political events and speculation about policy direction have dominated news cycles over recent months, the US economy’s key fundamentals have changed remarkably little, in our view. The backdrop appears to us to be constructive, as a healthy level of consumer spending has been increasingly reinforced by a recovery in corporate earnings and investment.

Global Economic Perspective: December
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 12/22/16

Global Economic Perspective: October
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 10/14/16

While heartened by the bounce in oil prices after the multi-decade lows reached early in the year, any significant further rally in energy prices would seem to us to require a far more vibrant global economy. As the IMF’s (and the Fed’s) relatively subdued outlooks make clear, it is hard to anticipate such a scenario occurring anytime soon.

Global Economic Perspective: August
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 8/19/16
As policymakers confront the limits of the monetary approach, conversations have increasingly turned to a discussion of potential alternatives to combat slow growth. Looking forward, we think this dialogue will likely broaden to include more countries in the months to come.

Global Economic Perspective: July
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 7/15/16
In terms of monetary policy, we had expected the BOE to move into easing mode, though it chose not to so do at its July meeting, but we think the ECB will try to gauge the impact of the UK result, rather than rush to expand or extend its current program of bond purchases.

Global Economic Perspective: May
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 5/16/16
The road toward the ECB’s target of 2% inflation will likely be long, but we maintain our belief that the central bank is currently pursuing all of the politically feasible policies at its disposal that can encourage a further revival of economic activity and help achieve that goal.

Global Economic Perspective: April
by Franklin Templeton Fixed Income Group® of Franklin Templeton Investments, 4/22/16
We have some apprehension about the more dovish stance taken by the US Federal Reserve, which in our view may place too great a focus on global factors, despite a relatively tight US labor market and some indications of a pickup in core inflation.

Global Economic Perspective: March
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 3/14/16
We regard the greater stability in commodity prices, along with a lessening of volatility in financial markets, as welcome, and believe it should provide a more stable platform for the global economy, where growth remains acceptable, if lower than desirable.

Global Economic Perspective: February
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 2/19/16
The impact of China’s rebalancing is likely to remain a headwind, particularly for countries that have relied on its appetite for raw materials. But this is likely to be counterbalanced by the continuation of the various accommodative monetary policies that are in place around the world.

Global Economic Perspective: January
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 1/19/16
Though the rest of the world may not be doing as well as the United States, we think global growth remains acceptable and do not anticipate a global recession or global deflation.

Global Economic Perspective: November
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 11/19/15
While China’s manufacturing sector—which drove China’s rise to its place as the world’s second-largest economy—has been losing steam, it is being supplanted by a domestic, consumer-led economy propelled by a rising middle class with growing income. Other Asian countries are on a similar trajectory.

Global Economic Perspective: October
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 10/23/15
Overall, while there are plenty of ‘problem children’ in the emerging-market space, there are undoubtedly assets and currencies being beaten down by broad-brush assessments of economic prospects that merit renewed attention.

Global Economic Perspective: September
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 9/11/15
While the [US] Fed is facing an extremely delicate task ... it is still our belief that the US economy remains sufficiently strong to be able to bear a gradual increase in short-term rates in the coming months.

Global Economic Perspective: August
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 8/19/15
We believe sound headline job creation figures point to rate increases by a [US] Fed that would like to begin to ‘normalize’ monetary policy when possible. The US economy is no longer in the emergency room, as it was in December 2008.

Global Economic Perspective: March
by Franklin Templeton Fixed Income Group® of Franklin Templeton Investments, 3/18/15
IN THIS ISSUE: United States Prepares for Interest-Rate Hikes; But Much of the World Is Still in Monetary Easing Mode; European Outlook

Global Economic Perspective: August
by Franklin Templeton Fixed Income Group® of Franklin Templeton Investments, 8/18/14
The US economy seemed to move into a higher gear during the second quarter, when gross domestic product (GDP) growth reached an estimated annual rate of 4%, supported by personal consumption and inventory build-up. Its first-quarter downturn also was not quite as severe as previously thought, falling by an annual rate of 2.1% instead of the 2.9% initially reported by the Bureau of Economic Analysis.

Global Economic Perspective: June
by Franklin Templeton Fixed Income Group of Franklin Templeton Investments, 6/20/14
With 10-year US Treasury yields dropping below 2.5% at one point during early June in spite of improving forward economic indicators, the US bond market has continued to send out confusing signals, in our view. Purchasing manager indexes have remained well over the 50 mark that separates expansion from contraction for many months, consumer demand has remained relatively buoyant, and nonfarm payrolls show job creation running at over 200,000 per month for 13 of the 21 months to May 2014.

Global Economic Perspective: May
by Franklin Templeton Fixed Income Group® of Franklin Templeton Investments, 5/30/14
We believe a substantial improvement in US growth is underway, despite first-quarter 2014 gross domestic product (GDP) growth coming in at an annual rate of -1.0%, well below market expectations.
18 results found.