Myths And Reality

This Global Economic Outlook from Northern Trust, led by Carl R. Tannenbaum and team, analyzes prospects for a global soft landing amid monetary tightening and geopolitical challenges.

• Global Trends: Resilient growth and easing inflation support a soft landing, though U.S. trade policies and geopolitical conflicts remain risks.  
• U.S. Economy: GDP grew 2.8% in Q3; fiscal imbalance and tariffs could slow the Fed’s easing pace.  
• Eurozone Weakness: Industrial recession persists; disinflation pressures the ECB to lower rates further.  
• China Struggles: Policy easing continues, but structural challenges hinder recovery.  

For a deeper analysis of regional economies and policy forecasts, access the full report.