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The Real Economy: Volume 45

Global economic risks to the middle market


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Developing markets face growing risks that present a clear and present danger to middle market firms embedded in those economies. Differentials in rate policy between the U.S. central bank and its foreign counterparts, an appreciating greenback, along with an atypical late business cycle fiscal boost, present the major driving forces in interest rate divergence between the United States and emerging economies.

In this issue of The Real Economy, we explore this topic and more, including automakers’ response to tariffs and pricing reform in the pharmaceutical industry. Download the full report.


Pharmaceuticals, pricing pressure and profitability

Pharmaceuticals, pricing pressure and profitability

How can middle market pharmaceutical companies meet pricing reform demands while remaining competitive in the marketplace?

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