Hear from T. Rowe Price Chief Economist Alan Levenson about the latest economic developments.

  Chief Economist Alan Levenson  

on February 5, 2015

In 2015, economic decoupling will remain a prominent theme around the globe. The divergent paths result from how various nations dealt with the credit imbalances that accumulated prior to the global financial crisis, and recovery prospects continue to hinge on the speed, breadth, and quality of these adjustments.


Positive Signs Reinforce Economic Recovery

September 25, 2014

There remained real concern, as recently as last year, that the U.S. economy could tip back into recession. While growth hasn't been robust in early 2014, there are many signs that the economy is getting healthier. The labor market is gaining momentum, now generating 2.5 million new jobs per year.

Higher U.S. Wages Bode Well for Economy

August 28, 2014

In a lagged response to a firming pace of job growth and declining unemployment, American workers' wages finally are on the rise-with important implications for the U.S. economic outlook.

Modest Uptick in U.S. and Global Economies

July 25, 2014

After a precipitous decline in the first quarter, the U.S. economy is rebounding and could grow at a 3% annual rate over the second half of the year, says T. Rowe Price Chief Economist Alan Levenson. Mr. Levenson says the 2.9% decline in real gross domestic product in the first quarter does not reflect any underlying fragility in the economy.

Is Low Inflation a Risk?

April 22, 2014

Economic theory teaches that inflation is, in the long run, a monetary phenomenon. Indeed, persistently high inflation in the 1970s—too much money chasing too few goods—was brought to heel by a sharp tightening of monetary policy.