1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends

Global Economic Outlook 2015—North America : A Short-term Pulse of Growth Opportunities

  • March 2015
  • 39 pages
  • Frost & Sullivan
Report ID: 2797393

Summary

Table of Contents

Executive Summary—Economic Growth Trends for 2015

•The US economy is expected to grow by x % in 2015, up from a x % in 2014. For Canada, the outlook has been scaled back to x % in 2015 due to falling oil prices, which will lead to lower corporate profits and weaker income growth.
•A combination of falling energy prices and a rising US dollar will hold down inflation in 2015. From an average of x % in 2014, Consumer Price Index (CPI) inflation is expected to fall to x % in 2015 in the US. In Canada, headline inflation is expected to move along with oil prices, while core inflation is likely to remain near x %.
•In 2015 growth in US will be driven by rising income, repressed demand, a strengthening housing sector, and lower oil prices. In Canada, the key driver will be international trade, as exports will continue to receive a boost from a weak Canadian dollar and the accelerating pace of the US economy.

North America Highlights

Canada
The economy will be a victim to falling oil prices, as lower profits in the oil sector will weigh on production growth and the overall business investment in 2015. However, economic growth will be supported by external demand, as trade balance continues to improve and household spending improves against a backdrop of falling consumer prices.

United States
The US economy saw robust growth in Q2 and Q3 2014 after the setback in the first quarter. With job growth accelerating and wages rising, 2015 looks even better. Consumer spending and business investment will lead the way in 2015 taking growth to x % through the year.

North America Growth Sentiment

•In the first half of 2015, corporate profits are expected to decline due to the recent fall in oil prices. This will translate into weaker capital spending, especially in the energy sector. However, Canada’s export sector is forecasted to remain strong as a result of a weaker Loonie combined with sustained strength in US demand. This kind of an export scenario along with cheaper energy inputs will help the manufacturing sector register growth from H2 2015 onward.
•The GDP of the US economy is expected to rise to x % in 2015, up from x % in 2014. The improvement in economic growth reflects strengthening domestic fundamentals such as escalating confidence, robust job growth, rising wages, and falling energy prices. This is set against a weaker global backdrop and rising US dollar that will keep the nation’s exporters under pressure. Manufacturing revenue is expected to increase in x different manufacturing industries in 2015. Capital expenditure, a major driver in the US economy, is expected to increase by x % in the manufacturing sector. This momentum, will help the industry outpace the GDP growth in 2015.

North America Industry Outlook—2015

•In US, the manufacturing sector has been the single largest contributor to total economic growth since 2009. The outlook for 2015 and beyond is positive and this scenario is much better than past decades. Regional companies will be focused on a more skilled workforce, access to distribution channels, and highly automated processes.
•Strong agriculture and automotive sectors augur well for the chemical industry. A gradually improving housing market also bodes well for recovery prospects of the industry in 2015 and 2016.
•North American energy renaissance, driven by the shale revolution, is facing its first major challenge. West Texas Intermediate and Brent prices fell by more than x % between July and December 2014. This is expected to postpone new shale and deep-water projects of higher cost planned in the region.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Oil Storage Industry Outlook to 2021 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Terminals

  • $ 8000
  • Industry report
  • March 2017
  • by GlobalData

Global Oil Storage Industry Outlook to 2021 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Terminals Summary "Global Oil Storage Industry Outlook to 2021 - Capacity ...

Global Oil and Gas Pipelines Industry Outlook to 2021: Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Pipelines

  • $ 8000
  • Industry report
  • April 2017
  • by GlobalData

Global Oil and Gas Pipelines Industry Outlook to 2021: Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Pipelines Summary "Global Oil and Gas Pipelines Industry Outlook ...

Analysis of Key Sectors of Malaysia: Agriculture, Manufacturing, Financial Services, Oil and Gas, ICT, Aviation, Wholesale and Retail, Tourism and Healthcare Along With Production and Consumption Data (2017 - 2022)

  • $ 6000
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

Malaysia is one of the few developing countries in the Asia pacific region which has used its abundant natural resources to grow sustainably. From being a major exporter of raw materials the country has ...


Download Unlimited Documents from Trusted Public Sources

Oil And Gas Statistics in Ukraine

  • May 2017
    3 pages
  • Oil And Gas  

  • Ukraine  

View report >

Gold Imports in China and the UK - Forecast

  • May 2017
    3 pages
  • Gold  

    Oil  

  • China  

    United Kingdom  

View report >

Global Diesel Fuel Industry

  • May 2017
    3 pages
  • Diesel Fuel  

  • World  

    United States  

    Australia  

View report >

Oil And Gas Supply

1 day ago

Oil And Gas Supply

1 day ago

Oil And Gas Supply

1 day ago

Oil And Gas Supply

1 day ago

Related Market Segments :

Oil

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.