The US macroeconomic outlook: 5 things you need to know

The US economy is at a crossroads. While the changes we’re facing weren’t caused entirely by the great recession, it did send us down a different trajectory. In this week’s episode, we take a look forward to examine the dynamics that determine economic growth, including workforce and productivity growth, advancements in technology, and global governance. We also look at the risks that may impact our macroeconomic forecasts. Chris Benko, PwC’s senior economic advisor, joins Heather Horn to discuss:0:52 - What’s the economy’s “new normal,” and its speed limit for growth? Chris provides an overview on the current US economy and trends. 6:06 - What could trigger the next economic downturn? Chris answers our questions on the risks associated with monetary policy and helps us understand interest rates and the inverted yield curve. 11:01 - What stimulates economic growth? Chris talks fiscal policy and the role tax reform plays in the bigger picture.14:23 - Is the current economic climate rewriting the rules for how the global economy works? You bet. Chris discusses trade policy, tariffs, foreign direct investment and the challenges companies face.19:35 - What’s going on at the corporate level? Chris shares his views on the new competitive dynamic, the fourth industrial revolution, corporate debt, and how this all affects society’s stability.You can also subscribe to our podcast series to stay current on other key technical accounting matters, business issues, current standard setting, and regulatory updates.About our guestChris Benko leads the PwC Analytic Insights organization, a team of 100 analysts and data scientists leveraging technology-enabled predictive analytics to develop forward-looking points of view on industry, company and thematic issues as well as help firm leadership solve its most complex problems.About our hostHeather Horn is PwC's National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the  power and utilities industry. With over 25 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].