|Jean Boivin, PhD – BlackRock
Hello Higher Economic Uncertainty
Summary: US fiscal stimulus measures and pending trade negotiations have expanded the potential economic outcomes this year. Risks have been heightened on both the upside and downside. Fiscal policy changes stand to benefit business spending which could boost productivity and contain an “overheating” economy. On the downside, protectionist trade policies would likely limit business investment, reduce business confidence, and slow global growth prospects.