Global Economic Outlook Archive

  • April 2015

    Washington, D.C., is beautiful in the springtime. The cherry blossoms are out, and the humidity has yet to set in. The air is filled with promise.
  • January 2015

    Re-entry to the workplace after the holiday season isn’t exactly like a satellite descending from earth’s orbit. But both involve returning to normal temperatures after a period of chilling out, and both can therefore be very disorienting.
  • October 2014

    Our latest discussion around the global outlook occurred during a period of significant market volatility. Nonetheless, we focused our discussions on fundamental trends that are driving economic achievement.
  • July 2014

    The U.S. economy stumbled in the first quarter, largely due to bad weather, and inventory adjustment and weak exports also played a role.
  • April 2014

    The fundamentals of the U.S. economy suggest a strong performance in the rest of the year after a weather-related setback in the first quarter.
  • January 2014

    Government spending is expected to add to U.S. GDP growth for the first time since 2010.
  • July 2013

    Growth is expected to improve in the United States and the United Kingdom while disappointing in Europe.
Carl R. Tannenbaum

Carl R. Tannenbaum

Executive Vice President and Chief Economist
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Carl R. Tannenbaum

Carl R. Tannenbaum

Executive Vice President and Chief Economist
Carl Tannenbaum is the Chief Economist for Northern Trust. Prior to joining Northern Trust, Carl led a team at the Federal Reserve Bank of Chicago whose charter was to analyze financial risk, its implication for the broad economy and policy choices to address it. He served as the head of the entire Federal Reserve System's risk group in Washington for a year, working closely with Federal Reserve System Governors and senior officials.

Preceding his work at the Federal Reserve, Carl served as chief economist and head of balance sheet management at LaSalle Bank/ABN AMRO, where he worked for 24 years.

He received a bachelor's degree in finance and economics and a Masters of Business Administration degree from the University of Chicago. He is a past chairman of the Conference of Business Economists and also a past president of the National Association for Business Economics and the North American Asset/Liability Management Association.
The opinions expressed herein are those of the author and do not necessarily represent the views of The Northern Trust Company. The Northern Trust Company does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions.