Markets and Economy

2018 Economic Outlook

Jim Glassman, Commercial Banking’s Head Economist, describes three key areas that could shape the markets in 2018.
Jim Glassman, Head Economist, Commercial Banking
January 5, 2018

There are plenty of reasons for optimism coming out of 2017, from falling unemployment to the stock market reaching new highs. Going into 2018, there’s reason to be just as optimistic. Global economic growth and a decline in the dollar will likely drive new demand for US goods abroad; stabilizing oil prices and increasing foreign demand could lead US refiners to produce more; and strong corporate earnings coupled with nationwide job growth in 2017 put more money in the hands of consumers, which could further boost consumer spending in the new year.

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