Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016...

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Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic Institute business & economics in action © FBEI 2015 THE ECONOMIC CLUB OF LAS VEGAS

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The Fermanian Business & Economic Institute – business & economics in action © FBEI Clients include: National Association for Business Economics, California State Treasurer, Terrapin Bright Green, San Diego Military Advisory Council, San Diego Zoo Global, Sempra Generation, and many other private, public, and government organizations. Fermanian Business & Economic PLNU For information on how we can work together contact us:

Transcript of Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016...

Page 1: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

Fermanian Business & Economic Institute

December 8, 2015

Lynn Reaser, Ph.D.Chief Economist

2016 Global Economic Outlook

The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015

THE ECONOMIC CLUB

OF LAS VEGAS

Page 2: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

2The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015

INTRODUCTION

The Institute is a strategic unit of PLNU that specializes in a variety of consulting services dedicated to discovering insights that effect change for organizations around the globe.Our skilled team of consultants, economists, and researchers provide clients and partners with individualized, actionable results that support strategic decision-making.

Page 3: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

3The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015

Clients include: National Association for Business Economics, California State Treasurer, Terrapin Bright Green, San Diego Military Advisory Council, San Diego Zoo Global, Sempra Generation, and many other private, public, and government organizations.

Fermanian Business & Economic Institute@ PLNU

For information on how we can work together contact us:

Page 4: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

Global Outlook

The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015

Page 5: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

2008 2009 2010 2011 2012 2013 2014 201530

35

40

45

50

55

60

Global Manufacturing Barely Growing

Index, 50 plus = expansion

The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015

Page 6: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

China’s Upswing StallsReal GDP, percent change over prior year

2012 2013 2014 2015e 2016f2

4

6

8

e = estimate f = forecast

The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015

Page 7: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

Oil Prices CollapseBrent Crude Oil, dollars per barrel, quarterly average

2006 20

020

020

020

09 20 20 2020

12 20 20 20 2 20 200

20

40

60

80

100

120

140Actual Forecast

e = estimate f = forecast

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Page 8: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

Quantitative Easing Goes GlobalCentral bank assets/GDP, percent

Japan China U.S. ECB U.K.0

10

20

30

40

50

60

70

80

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Page 9: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

U.S. Dollar SoarsBroad Trade-Weighted Index, Jan. 1997=100, Dec. average

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015e 2016f90

100

110

120

130ForecastActual

e = estimate f = forecast

The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015

Page 10: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

Migration Crisis Confronts EUFirst time asylum applicants, quarterly totals,

thousands

0

50

100

150

200

250

300

350

400

The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015

e = estimate

Page 11: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

World Economy to Expand ModeratelyReal GDP, percent change over prior year

Advanced Developing World0

1

2

3

4

5

6

2.2

4.8

3.7

20142015e

2016f

e = estimate f = forecast

The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015

Page 12: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

Global Risks Probability, percent

Europe

China

Natural Disaster

Stock Market

Middle East

Terrorist Attack

0 10 20 30 40

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Page 13: Fermanian Business & Economic Institute December 8, 2015 Lynn Reaser, Ph.D. Chief Economist 2016 Global Economic Outlook The Fermanian Business & Economic.

Fermanian Business &

Economic Institute

www.pointloma.edu/fbeiMain Office: 619.849.7068

The Fermanian Business & Economic Institute – business & economics in action © FBEI 2015