Hear directly from RBC Global Asset Management Chief Economist, Eric Lascelles in his monthly and quarterly updates. Representing RBC Investment Strategy Committee’s (RISC) economic views, Eric shares timely insights and the expectations of RBC GAM on the global economy.

Monthly Economic Outlook Webcast

Monthly Economic Outlook Webcast

Central banks versus slowing growth - September 2019

Eric Lascelles, Chief Economist, RBC Global Asset Management, shares the latest views on the global economy and offers insight into today’s economic issues.

The webcast includes an audio and slide presentation.

Launch Presentation

Key Highlights

  • Central bank stimulus appears forthcoming as economic data continues to broadly weaken.
  • Global trade tensions continue between the United States and China with no definitive resolution in sight. Fortunately, the latest tariff actions don’t significantly move the economic needle. 
  • Global currencies have made significant swings, with emerging-market currencies like the Chinese Yuan down and the Japanese Yen and U.S. dollar up, which could possibly heighten trade tensions.
  • The United States and Japan have reached a high-level trade deal, while France and the United States have come to an agreement on taxing technology services in their country of origin (ahead of an OECD solution, which will eventually supersede it).
  • We’ve seen a substantial inversion of more yield curves, suggesting a higher risk of recession.
  • Gold has hit a six-year high, which isn’t surprising, as risk aversion and central bank actions have driven its price higher.
  • The U.K. parliament has been suspended, leaving little time to negotiate a Brexit deal, raising the risk of a hard (no deal) Brexit.
  • Italy has a new coalition government, which could moderate more radical inclinations and bring greater stability to the country.

Want timely news and updates straight to your inbox?

Subscribe to our newsletter here: 

Eric Lascelles

Chief Economist
RBC Global Asset Management Inc.

View Biography >

Global Investment Outlook

Learn more