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Economic Trends & Insights

Northern Trust's team of economists against a gray background

Discover the latest economic and financial insights from our team of economists.

Read Reflections on 2024

What a year! What have we learned, and what's next? We look back on six themes that defined another eventful year.

Watch the latest View from Here: Broken Rules

Chief U.S. Economist Ryan Boyle reviews the simple recession indicators that were misleading in this cycle.

Read Tracking Contingent Workers

Alternative work arrangements can benefit both employers and employees. Ryan Boyle explains.

Read Liberté, Égalité, Austérité

The path toward fiscal balance is treacherous. Carl Tannenbaum explains.

Read Is India Gaining From China's Decline?

Tensions with China create an opening for other Asian competitors. Vaibhav Tandon explains.

Read Our 2025 Global Economic Outlook

Northern Trust’s leading economists explore the challenges and choices that will shape economies in 2025.

Watch the latest View from Here: Laboring

Chief Economist Carl Tannenbaum discusses the challenges in measuring employment.

Read Chaotic Commitments at COP29

Negotiations to mitigate climate risks were messy but productive. Ryan Boyle explains.

Read Food, Front And Center

Not everyone is ready to give thanks for moderating food prices. Carl Tannenbaum explains.

Read The Latest On Washington, From Washington

New ideas are never as easy as they sound in campaigns. Carl Tannenbaum explains.

Read Mexico Feels The Threat

Mexico is a prime target for new tariffs. Vaibhav Tandon explains.

Read the latest bal Economic Outlook: Myths and Reality

Sticky underlying price pressures could prevent a faster return to neutral monetary policy.

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Our Economists

Carl R. Tannenbaum

Carl Tannenbaum is the Chief Economist for Northern Trust. In this role, he briefs clients and colleagues on the economy and business conditions, prepares the bank's official economic outlook and participates in forecast surveys. He is a member of Northern Trust's investment policy committee, its capital committee, and its asset/liability management committee.

Ryan James Boyle

Ryan James Boyle is the Chief U.S. Economist within the Global Risk Management division of Northern Trust. In this role, Ryan is responsible for briefing clients and partners on the economy and business conditions, supporting internal stress testing and capital allocation processes, and publishing economic commentaries.

Vaibhav Tandon

Vaibhav Tandon is the Chief International Economist within the Global Risk Management division of Northern Trust. In this role, Vaibhav briefs clients and colleagues on the economy and business conditions, supports internal stress testing and capital allocation processes, and publishes the bank's formal economic viewpoint. He publishes weekly economic commentaries and monthly global outlooks.

Discover More Insights

Explore our latest thought leadership on the global economy.
Develop context about the global events and economic themes that are shaping our world – and learn what they could mean for our future.
Gain quick insights by joining our chief economist for a 90-second video journey into today’s most impactful economic issues.
Review our forecasts for selected economic indicators and interest rates and explore how they could affect future U.S. economic conditions.
Explore the prospects and challenges ahead for the U.S., the U.K., the eurozone, China and Japan through analysis from our global economic research team.