Displaying items tagged: Comerica Inc
U.S. economic resilience bodes well for ‘soft landing’ in case of mild recession
Economists expect the U.S. to dip into a mild recession around mid-2023, as higher interest rates intended to bring down inflation drag on the economy.
Improving auto sales should prop up Michigan economy, hold employment steady
The auto industry that historically led Michigan’s economy to fall further than the U.S. in national recessions may actually aid the state during a national economic downturn that many economists predict for 2023.
Economists forecast slowed economic growth through 2023
University of Michigan economists expect the U.S. economy to experience a “very mild decline” the rest of this year before slowing to near zero growth in 2023.
U-M economic outlook shows short-term return to growth; inflation concerns through 2023
University of Michigan economists expect second-quarter growth for the U.S. economy, although momentum may wane in the latter half of the year as interest rates rise.
Economists expect Fed to soon begin raising interest rates
Economists at PNC Bank and Comerica Inc. both expect the Federal Open Market Committee to begin raising interest rates next week.
U.S. economic growth forecasts tempered by ongoing COVID, market concerns
The latest coronavirus variant to emerge in a nearly two-year pandemic creates further uncertainty for the U.S. economy in 2022, although economists generally expect continued strong growth.
Report: Small businesses not recovering at same rate as overall Michigan economy
Michigan’s economy overall is recovering from last year, but lingering effects from COVID-19 are having a disproportionately negative effect on small businesses, according to a new report released by the Small Business Association of Michigan.
Latest Census findings play vital role for West Michigan economic developers
New U.S. Census findings that show some of the state’s strongest population growth is occurring in West Michigan provide an opportunity to help attract talent during an ongoing labor shortage.
Comerica economists forecast ‘throttled back’ Q3 growth before rebound
Michigan’s economic growth may ease during the third quarter, picking up again in late 2021 and into next year as manufacturers continue to deal with constrained supply chains and labor shortages, according to a new outlook.
MiBiz roundtable: M&A experts forecast strong deal flow in post-pandemic rebound
Mergers and acquisitions should remain strong through 2021 — driven by several factors affecting deal flow — although finding a good deal may come with a high price for buyers.
Survey of Michigan business executives shows growing economic optimism
A growing number of business executives anticipate higher employment and capital investments over the next six to 12 months as post-pandemic economic outlooks are increasingly optimistic, according to a recent survey by Business Leaders for Michigan.
Post-pandemic supply chain shifts could boost state’s industrial economy
Michigan’s economy could stand to benefit in the years ahead as manufacturers move to reshore work to the U.S. after dealing with severe disruptions in their foreign supply chains when the coronavirus first surfaced in China.
Comerica economists say Michigan is ‘well positioned’ despite latest COVID-19 restrictions
Even with new COVID-19 restrictions in place for the next three weeks, Michigan sits “well positioned” to eventually recover economically from the COVID-19 pandemic, according to a new Comerica Inc. outlook.
M&A deals for distressed companies expected to pick up in months ahead
The COVID-19 pandemic that slammed the economy this spring could generate more M&A deals in the months ahead.
Industrial activity rebound has ‘definitely arrived,’ GVSU economist reports
Three of four key activity indexes for West Michigan’s industrial economy improved in August, furthering the economic rebound of recent months from a deep decline last spring with the onset of the COVID-19 pandemic and resulting stay-home orders.
Economists predict gradual economic recovery, though slower for some sectors
Economic conditions for Michigan and across the U.S. should keep improving through 2020 and into 2021, according to recent outlooks.
Comerica outlook shows nearly 41% GDP decline in Michigan for Q2
Michigan’s economy fell further than the nation as a whole in the second quarter and could take three years to return to the peak of late 2019, according to a new economic outlook from Comerica Inc.
Survey: After slowdown, M&A activity expected to rebound over the next year
The M&A market that slowed in the first half of 2020 with the onset of the COVID-19 pandemic should rebound well over the next 12 months as deals that got put on hold go forward, according to a midyear survey by law firm Dykema Gossett PLLC.
West Mich. manufacturing continues rebound, but COVID crisis won’t end until vaccine is found, economist says
West Michigan’s manufacturing sector maintained momentum in June as key indexes registered improvements in a monthly survey.
Comerica outlook anticipates faster economic rebound than previous forecasts
Comerica Inc. economists now expect a stronger rebound than previously forecast for the U.S. economy in the latter half of 2020.
SBA turns focus to PPP loan forgiveness
After approving more loans in six weeks than during the prior nearly 60 years combined, the U.S. Small Business Administration now looks to provide debt forgiveness to borrowers.
Comerica projects W-shaped economic pattern in wake of COVID-19 mitigation policies
Comerica Inc. now projects a “W-shaped pattern” for U.S. economic performance with a steep decline in Real GDP for the second quarter, a partial rebound in the third and a small decline to end the year.
VC, PE firms steer companies through crisis
The COVID-19 pandemic that dismantled daily routines and hammered the economy has forced investors to pivot along with the companies they back financially.
GVSU economist: Coronavirus-caused recession will be bigger than 2008-09
The COVID-19 pandemic will take a fast bite of more than $3 billion out of West Michigan’s economic output, driving the region into recession along with the rest of the country.
University of Michigan economists see second quarter recession
University of Michigan economists expect the coronavirus and COVID-19 pandemic to drive the U.S. economy into recession for the second quarter.
GVSU economist predicts shallow recession in West Michigan; hospitality industry hardest hit
The mandated closing today of restaurants, bars and other businesses will contribute to a shallow economic downturn for the West Michigan economy.
Virus concerns drive additional due diligence in M&A transactions
The coronavirus outbreak that’s battered Wall Street and caused supply chain disruptions for some manufacturers has yet to interrupt transactions, although more conversations are occurring as part of due diligence, according to M&A professionals.
Coronavirus concerns cloud 2020 economic outlooks
Economists at Comerica Inc. now expect the U.S. economy to possibly dip negative for the second quarter as a fallout of the coronavirus pandemic.
Comerica: Fed rate cut could help, but not change economic impact from coronavirus
Today’s emergency interest rate cut could aid a slowing U.S. economy facing a significant threat from the coronavirus outbreak, according to Comerica Inc. economists.
Michigan retailers start 2020 on ‘positive note’
Michigan retailers reported a strong start to 2020.