Bloomberg reported, citing economists at JPMorgan Chase and Capital Economics, that we can expect output to pick up for the world economy after a disappointingly sluggish first quarter.
Bloomberg said since 2010, global growth has averaged 2.8% in the first quarter, compared to an overall rate of 3%. This year, the expansion was just 1.7% – almost a percentage point below what JPMorgan predicted at the start of the year and down from the 3.1% of the second half of 2014.
JPMorgan’s chief economist said, “We have a forecast of a rebound in growth in the second quarter from this disappointment, with the U.S. leading the way.”
Eric Freeman began his equipment finance career in 2003 at a small independent in Southern California. Given a cubicle and a list of old leads to cold call, his manager instructed him to find some business. “I picked [up] the... read more
David Lee began his career as an investment banker and evolved into the private equity space, culminating in the management of a large alternative investment hedge fund. In 2012, his investor group acquired Equilease and rebranded it North Mill Equipment... read more