Societe Generale: Data Suggests 'A Sharp Slowdown In The U.S. Economy Is Imminent'

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In a recent report, analysts at Societe Generale gave their take on some recent economic data that suggests that trouble could be brewing for the U.S. economy. While the Federal Reserve is considering a rate hike, Societe Generale analyst Albert Edwards believes the U.S. economy is headed for a slowdown.
Falling US corporate profits forecast
The first indicator that the economy might be headed for a downturn is the falloff in forward earnings projections in recent months. The graph below shows how the Japanese market’s 12-month forward earnings forecast has improved in a weak-yen environment, while the earnings outlook for the S&P 500 has deteriorated in a strong-dollar environment.

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Posted In: Analyst ColorNewsEcon #sFederal ReserveAnalyst Ratings
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