The blowback from the war in Ukraine has only just started to rock the global economy, but the early clues for the US remain encouraging. There’s a long road ahead and it’s too early to make high-confidence forecasts, but preliminary data for March suggest that growth still has the upper hand.
Daily Archives: March 25, 2022
Macro Briefing: 25 March 2022
* Biden meets with NATO allies, which strengthen troops in eastern Europe
* Poland becomes America’s ‘indispensable’ ally as Ukraine war rages
* EU signs deal with US for more shipments of liquefied natural gas to Europe
* Will Putin lash out dangerously if Russia becomes bogged down in Ukraine?
* Biden says to expect food shortages due to Ukraine war
* German leading indicator tumbles in March amid Ukraine war blowback
* Considering how inflation could ease without a recession
* Durable goods orders in US fell in February–first monthly slide in 5 months
* US business activity accelerated in March via PMI survey data
* US jobless claims fell last week to lowest level since 1969: