Advantage Futures
231 South LaSalle Street, Suite 1400
60604, USA
Join Blu Putnam, Chief Economist, CME Group, as he presents his 2015 Economic Outlook covering: global GDP, emerging markets, the new oil reality, and US growth and returning to rate normalcy.
Discussion topics include:
- China – Still decelerating, real GDP growth below 7% in 2015, 3% to 4% in the 2020s.
- Japan – Abenomics versus lack of labor force growth equals only 1%-2% real GDP growth. Depreciated yen and lower oil prices may give inflation a modest pickup in 2015, sales tax adjusted.
- Euro-Zone – ECB help and better functioning credit system in 2015 may allow for 1% to 2% real GDP growth. Greek debate continues, but bark is worse than bite.
- Emerging Markets – Diverse patterns. When/if risk-on markets appear, FX carry trade may do well, too.
- Oil-Challenged Countries – Mostly the impact of lower crude oil prices is reflected in a weaker currency, then some domestic inflation. No meaningful impact on global growth.
- US – Healthy job growth with low inflation and only incremental wage growth; Fed likely to raise rates at June meeting, anyway.
Co-sponsored by CME Group
