
Nancy Lazar is a renowned economist who has been a driving force in shaping the global economic landscape.
She has a deep understanding of the complexities of the global economy, having spent years analyzing and predicting trends.
In a recent interview, Lazar highlighted the significant impact of technological advancements on the job market, stating that automation and AI will continue to displace jobs, particularly in sectors that are heavily reliant on manual labor.
This shift is already underway, with many industries experiencing significant changes in recent years.
Global Economic Outlook
As we look at the global economic outlook, it's clear that we're only about a quarter of the way down in this economic slowdown domestically and internationally.
Nancy Lazar, chief global economist at Piper Sandler, predicts that consumer spending will continue to grind lower throughout the year.
We're at an important tipping point where employment gains are going to start to moderate, putting even more downward pressure on consumer spending.

Lazar warns that employment and wage gains are going to get weaker because company profits are now declining.
The economic slowdown is expected to last another year, with long leading indicators like interest rates and oil just now starting to hit the economy.
These indicators are crucial in determining the pace of the economic slowdown, and it's clear that they're having a significant impact.
Piper Sandler
Nancy Lazar is the global chief economist at Piper Sandler. She was a guest on the podcast "Money Movers" to discuss recent economic data.
Nancy Lazar joined the podcast to share her insights on the latest economic trends. Her expertise is highly valued in the industry.
Piper Sandler is a reputable financial services company that provides economic forecasts and analysis.
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Piper Sandler
Piper Sandler has a global chief economist named Nancy Lazar who joins a show called 'Money Movers' to discuss economic data and forecasts.
Nancy Lazar is the global chief economist at Piper Sandler, and she's quite knowledgeable about economic trends.
Economic Backdrop: Whipsaw

Piper Sandler's chief global economist, Nancy Lazar, warns that the economic slowdown is only a quarter of the way down and will continue to grind lower throughout the year.
Consumer spending will feel very weak, with a 1% GDP growth in the U.S., a significant slowdown from 6% last year.
Lazar notes that the U.S. has faced similar situations in the past, such as in 2015 and 2016, but the backbone of the economy remains healthy.
The Euro zone is expected to lead the global recession, driven by oil prices and global interest rates.
Oil prices have fallen, with U.S. crude slipping below $100 per barrel, due to expectations of weaker demand.
The Federal Reserve is expected to raise interest rates at the steepest pace in over two decades to tame red-hot inflation.
Economic Backdrop
Nancy Lazar, chief global economist at Piper Sandler, believes we're just a quarter of the way down in this economic slowdown, both domestically and internationally.

Consumer spending is expected to continue grinding lower throughout the year, as employment and wage gains are going to get weaker.
Company profits are declining, which will put even more downward pressure on consumer spending.
We're at an important tipping point, where employment gains are going to start moderating.
Those long leading indicators, interest rates and oil, are just now starting to hit the economy, suggesting another year of economic slowdown.
Sources
- https://www.foxbusiness.com/economy/world-in-early-stages-of-very-significant-recession-economist-nancy-lazar
- https://jugglingdynamite.com/2024/08/15/recession-to-slow-inflation-and-spike-unemployment/
- https://www.linkedin.com/posts/pipersandler_we-forecast-a-recession-which-will-slow-inflation-activity-7229177912405430272-98XY
- https://www.foxbusiness.com/economy/economist-warns-us-backdrop-a-whipsaw
- https://www.thewealthadvisor.com/article/economys-bifurcated-nature-historically-leads-recession
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