Tokyo has been chosen to host the 2020 Summer Olympics, with an estimated economic benefit of at least $30 billion. Hosting the Olympics could bring a wide range of implications to Japan on top of the mere economic impact, including strengthening Prime Minister Abe’s leadership. The next announcement to watch for in the near term is
Global Perspectives offers global economic, market and investment commentary on Monday morning of each week.
September 2013 Archive
Recent legislation has added new provisions to the Internal Revenue Code that will impose new tax rates beginning in 2013. These taxes will impact many high income individuals, as well as certain estates and trusts. The Columbia Management Learning Center is dedicating a series of blog articles to this important and timely “Navigating the New
While total GDP growth is struggling around 2%, the private economy is growing at about 3%. Though growth in the rest of this year may continue to be slow, the impact from changes in wage taxation and the sequester should begin to diminish in 2014. Overall, the outlook for the U.S. is not tremendous, but
According to our proprietary measure of U.S. activity, underlying growth was 3.4% in August after 2.2% in July (July was revised down from the preliminary estimate of 2.5% due to revisions in the payroll report). The three-month average of monthly growth rates edged up to 2.6% from 2.2% last month. As many of you know,