World Perspectives

Anticipating GDP Release

GDP for Q4 2022 will come out on Thursday of this week; the consensus expectations is for 2.5 percent growth. But the question is what lies ahead for 2023? Consider, since Q3 2020, a huge increase in the M2money supply pulled the economy out of the Q2 COVID lockdown recession. That lead to growth, but it also lead to inflation in 2021 and 2022. A good illustration of the inflationary impact comes from looking at the velocity of M2, i.e., how many times a dollar turns over in the economy per quarter. In 2019, one dollar would turnover between 1.4 and 1.45 times. Since COVID, the velocity ratio has been under 1.2 times. A good way to look at that is: with a higher supply of money and a lower velocity consumers are not buying more stuff, t...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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