The Real Economy: Volume 57
Bracing for economic slowdown as manufacturing reflects contraction
THE REAL ECONOMY |
A slowing global economy and declining bond yields across the developed world—some negative—portend a deteriorating business climate ahead. To combat this broad slowdown, global central banks are shifting monetary policy toward more accommodative stances that include real negative rates, nominal negative rates, large-scale asset purchases and possibly further unorthodox policy moves such as temporary price-level targeting. The amount of government securities with negative yields globally now totals more than $13 trillion and is likely to remain a permanent feature of the global economic and financial landscape.
As global central banks, including the U.S. Federal Reserve, prepare to proactively stave off this slowdown, we turn our attention to the primary rationale behind the push to alter monetary policy: the global economic downturn in manufacturing.
In this issue of The Real Economy, we examine the relationship between economic slowdown and manufacturing contraction and offer a new RSM Manufacturing Outlook Index that provides deeper insights to help middle market decision-makers. In addition, we revisit the latest numbers from the RSM US Real GDP Index, we explore the heightened need for pricing transparency in health care, and in our trend watch feature, we examine the challenges related to attracting and retaining a skilled workforce. Download the full issue.
IN THIS ISSUE
RSM’s monthly measure of gross domestic product indicates that GDP growth has been decelerating since November 2018.
Pricing transparency is a widely discussed topic in health care as patients view themselves as consumers with more control over choice.
In this The Real Economy feature, we look at the challenges related to attracting and retaining a skilled workforce.
The RSM US Manufacturing Outlook Index provides a snapshot of U.S. production and a cross-country outlook for the manufacturing industry.