4 Big Factors Could Spark Turmoil in Markets, Capital Economics Says
There is plenty of scope for material worsening of financial conditions if the macro and geopolitical outlooks deteriorate, Capital Economics said.
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There is plenty of scope for material worsening of financial conditions if the macro and geopolitical outlooks deteriorate, Capital Economics said.
As the US relies on deficits for growth, debt will continue to compound, making it a serious problem the coming decade, Bill Gross said.
"There's very little sign of fiscal discipline from either party right now, which is, I think, concerning. But reality finds ways of biting."
Nova Scotia is forecasting a deficit of $264.3 million for the current fiscal year — about $14.6 million less than the figure estimated in last spring’s budget.
Surging fiscal deficits, rocketing levels of outstanding debt, and towering debt service costs still hang over the US outlook.