Consensus estimates indicate several more quarters near that pace, but it will be difficult for companies to maintain that at this relatively
late stage of the economic cycle.
During a recent interview, Bank of Canada governor Stephen Poloz said that in
the late stage of the economic cycle, «investment becomes the principle driver of growth, and that builds more capacity... raising potential output.»
Not exact matches
It's worth noting we are getting into the
later stages of this particular
economic cycle in the United States, but we don't necessarily see any end to the growth in the near term.
In my view, the odds
of a reacceleration in
economic growth are minimal at this
late stage of the
cycle.
The implementation
of an expansionary fiscal package aimed at boosting growth at this relatively
late stage in the
economic cycle would also probably move the dial on monetary policy, but we would caution that the prospect
of agreement on such legislation remains some way off and may well prove too difficult to achieve.
The implementation
of an expansionary fiscal package aimed at boosting growth at this relatively
late stage in the
economic cycle would likely also move the dial on monetary policy, but we would caution that the prospect
of agreement on such legislation remains some way off and may well prove too difficult to achieve.
The industry is in the
later stages of both
economic and valuation
cycles, but a downturn will not be like anything we experienced in 2007, according to Blackstone's Jonathan Gray.
«While this
economic cycle shows no immediate signs
of ending, it is clearly in its mid - to
later -
stages of an elongated expansion, and so we are being cautious, preparing for less robust times.»