Epsilon Capital Management’s First Quarter Americas Economic Round Up Part 1
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Epsilon Capital Management’s First Quarter Americas Economic Round Up Part 1

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Optimism over economic prospects increased across the Americas regions during the first quarter of the year, as economic data showed sustained improvement and global risks eased somewhat. Despite ...

Optimism over economic prospects increased across the Americas regions during the first quarter of the year, as economic data showed sustained improvement and global risks eased somewhat. Despite costlier fuel, consumer spending climbed in most countries across the region, especially in the U.S. The European fiscal crisis now appears less worrisome when compared to last year, while the slowdown in Asia has turned out to be milder than expected earlier. Commodity prices have recovered after the correction during the second half of last year, on an improved outlook in global demand.

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Epsilon Capital Management’s First Quarter Americas Economic Round Up Part 1 Presentation Transcript

  • 1. This is Epsilon Capital Management’s 3 Part Series on the Americas Economies for the first quarter of 2012.
  • 2. PRLog (Press Release) - Jun 04, 2012 -This is Epsilon Capital Management’s 3 Part Series on the Americas Economies for the first quarter of 2012.
  • 3. In the first part of our report we will look across the region as a whole and more specifically at the United States and Canada. These are undoubtedly the 2 key economies in this region for very different reasons.
  • 4. This is Epsilon Capital Management’s 3 Part Series on the Americas Economies for the first quarter of 2012.
  • 5. Economic Review Americas First Quarter 2012 Optimism over economic prospects increased across the Americas regions during the first quarter of the year, as economic data showed sustained improvement and global risks eased somewhat
  • 6. Despite costlier fuel, consumer spending climbed in most countries across the region, especially in the U.S. The European fiscal crisis now appears less worrisome when compared to last year, while the slowdown in Asia hasturned out to be milder than expected earlier. Commodity prices have recovered after the correction during the second half of last year, on an improved outlook in global demand.
  • 7. Better U.S. economic prospects continue to drive theoutlook for the rest of the Americas region and much of the rest of the world. U.S. consumer demand outlook was boosted by the better than expected labor market gains during the first two months of the year, though the unemployment rate remains relatively high. Economic growth forecasts for Canada have also been revised higher as the country’s exports are likely to be supported by increased global demand.
  • 8. Among the Latin American economies, Brazil faced the steepest decline in GDP growth last year as its economy almost came to a standstill during the second half of theyear. However, the fiscal and monetary stimulus measures introduced in recent months are expected to support a moderate recovery this year as well as in 2013.
  • 9. Mexico and Colombia should benefit from increased U.S. demand while increased global demand for metals andother resources will likely help Chile and Peru. Argentina is expected to see a substantial decline in growth rate thisyear as concerns over its government policies could deter investment inflows.
  • 10. This is Epsilon Capital Management’s 3 Part Series on the Americas Economies for the first quarter of 2012.
  • 11. United States: Growth forecasts lifted as labor marketgains support consumer sentiment The U.S. economic outlook continued to improve during the first quarter as the positive trends from the labor market helped sustain consumer sentiment. Though job additions for the month of March were below expectations, gains during the first two months of the year were encouraging and the unemployment rate has declined moderately.
  • 12. Manufacturing and services activity expanded during thequarter while durable goods orders rebounded in February after the previous month’s decline. Most forecasters are now more optimistic about U.S. economic growth, led by the IMF that has lifted its GDP growth forecast to 2.1% this year and 2.4% for 2013.
  • 13. Trade data for recent months show mixed trends as exports remained steady while imports fluctuated. Import growth was strong in January, reflecting the healthy domesticconsumer demand, but declined unexpectedly in February on lower imports of manufactured goods from China and fuel. As exports increased marginally to a record high, the trade deficit narrowed during the month.