Through the BABC, members have the opportunity to develop valuable business contacts within the British American community and to exchange ideas and information with a cross section of business, trade and governmental interests.
By Joanne Gilbert, Fixed Income Investment Specialist, Aberdeen Asset Management
With so much policy ammunition spent in the pursuit of long lasting growth in the US, it is somewhat puzzling that the economy has remained, thus far, stubbornly sedate.
Gross domestic product (GDP chained year-on-year) has posted almost exclusively sub-3% readings since the onset of the global financial crisis (GFC). In our view, this is hardly a pace to trouble the hawks on the Federal Open Market Committee. Indeed, it has resulted in talk of a “new normal” where the interest rate cycle has a much lower upper bound. Proponents say that instead of 5% being the top end of the federal funds rate cycle, we are likely to see rates peak at 3%.
On Thursday, November 13, 2014 approximately 100 executives from the British, Chilean, French, German and Irish American Business Councils gathered to Meet the CEO of BDP at The Westin Hotel. BDP is one of the largest privately held global logistics providers in the world. It is a family owned, non-asset based firm with headquarters in Philadelphia, Pennsylvania. The Company is a recognized leader in the global shipping industry, with a total of 133 owned and joint venture offices, and an additional 195 offices in its Global Network group. These offices give BDP a presence in nearly 135 countries around the world, and employ approximately 4,000 supply chain professionals.