State Street Investment Management
June 1, 2026
Weekly Economic Perspectives
Weekly UpdateMacro Economic IndicatorsRates Govt BondsFinancialsIndustrials
The global economy shows sharp regional divergences: US consumer stress is rising despite record wealth, Canada faces a potential recession after flat Q1 growth, while Australia exhibits strong investment momentum.
Key Takeaways
- 1.The US 'K-shaped economy' is intensifying; while aggregate wealth is record-high, lower-income segments face severe stress and record auto loan delinquencies.
- 2.Canada's Q1 GDP growth was essentially flat at -0.1%, undershooting expectations and highlighting persistent recession risks.
- 3.Australia's economic outlook for Q1 is buoyed by a significant 6.5% jump in private capital expenditure, particularly in data centers.
Table of Contents
- United States: K-Shaped to the Max!
- Canada: Another Weak GDP Report
- Australia: Strong Q1 on The Cards
- Week in Review
- Important Risk Discussion
- Intellectual Property Information
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Authors
Simona MocutaAmy LeKrishna Bhimavarapu
Securities
Core PCE InflationSPX
Themes
K-Shaped Recovery / Economic DivergenceConsumer Credit DeteriorationCentral Bank Policy Pause
Regions
North AmericaAsia PacificEuropeUnited StatesCanadaAustralia