ECONOMICS

Via Schiff Gold,

By Seth Carpenter, Managing Director and Chief Global Economist at Morgan Stanley, and Matthew Hornbach, Global Head of Macro Strategy at Morgan Stanley

Japan in Rome

Last month at our annual Fixed Income CIO conference, one of the liveliest sessions was on Japan’s reflation. The BoJ ending negative rates and normalizing policy for the first time in eight years marked the end of decades of a deflationary equilibrium. Nominal GDP growth hit 5.7%Y in 2023, and our Japan team forecasts (more…)

While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.

Last year, oil-producing states led the pack in terms of real GDP growth across America, while the lowest growth was seen in states that were more sensitive to the impact of high interest rates, particularly due to slowdowns in the manufacturing and finance sectors.

In the following graphic, Visual Capitalist's Niccolo Conte shows the 10 states with the (more…)