North American Outlook: Uncertainty: Everywhere and All at Once
North American Outlook: Uncertainty: Everywhere and All at Once
Director and Senior Economist
Sal Guatieri is a Senior Economist and Director at BMO Capital Markets, with three decades experience as a macro economist. With BMO since 1994, his main responsibi…
Sal Guatieri is a Senior Economist and Director at BMO Capital Markets, with three decades experience as a macro economist. With BMO since 1994, his main responsibi…
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Current financial turmoil raises the odds of a recession, but should also dampen inflation and could limit the need for further policy tightening.
We still foresee a shallow downturn for the U.S. and Canadian economies, with very modest growth in the year as a whole. This assumes financial stress is contained by recent emergency loan programs and regulatory actions.
