Economic Report: Fourth Quarter 2012January 22, 2013 Posted by: Ninh ChungSVB Asset Management is pleased to announce the release of the Q4 2012 Economic Booklet as a research piece summarizing the macro-economic and sector trends in the global market. The Economic Booklet is our reference tool for clients. Displaying graph and chart views of the global economy, this piece guides clients through factors that impact their business. Some highlights from the Economic Report include:
GDP is modestly recovering with Q3 GDP coming in at 3.1 percent. The last quarter of 2012 is likely to be lower than prior fourth quarters given headwinds from the fiscal cliff uncertainties and superstorm Sandy.Unemployment is healing albeit slowly, with no acceleration in job growth year over year from 2011 to 2012.Housing has started to turn a corner and was a bright spot in 2012, both home sales and home building increased in 2012. Existing home supply continues to drop, signaling home price stability will continue.A strong stock market helped propel consumers, however business investments were hampered by uncertainty around the fiscal cliff.U.S. deficit discussions have moved into the limelight recently. Spending cuts and entitlement conversations are likely...
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