“We got spoiled — we’re used to some pretty good growth numbers coming out of these various locations,” Russo said, arguing that North America is increasingly important. “We are seeing the U.S. economy improve.”
The more pessimistic international growth sentiment is also mirrored among global institutions. For instance, the International Monetary Fund in January downwardly revised its world economic outlook to 3.5% this year and 3.7% next year, compared to its previous 3.8% and 4.0%, respectively, Ansuya Harjani reported for CNBC. On the other hand, the U.S. was the only major economy to receive an upward revision to growth.
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Max Chen contributed to this article.