Back in October, the initial, or advanced, Q3 GDP report showed the U.S. economy grew 4.9 percent; and on 29 November the GDP estimate was revised up to 5.2 percent, which made Q3 the fastest growing GDP since 2021. The Bureau of Economic Analysis (BEA) regularly calculates and reports GDP in a series; the advanced GDP – the initial report that garners all the news headlines – about 30 days after the quarter ends, then a second revision about 60 days later and a third revision roughly 90 days after that. The third revision for the Q3 2023 GDP report will be released on 21 December. Each report and revision uses increasingly more comprehensive and improved data to fine tune the initial estimates. The advanced estima...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.