U.S. Outlook: The glass-half-full economy

Scott Anderson
Posted by Scott Anderson
Chief Economist

Consumer confidence is soaring, despite financial volatility and a weak global economy.

Graph showing upward trend in consumer confidence.So is it time to finally get comfortable with a glass-half-full view of the economy?

In this week’s U.S. Outlook report, we slice and dice the latest GDP figures and discuss the implications for our growth and interest rate outlook in the months and quarters ahead.

Key observations:
  • The U.S. GDP is averaging a strong 4% in 4 of 5 most recent quarters.
  • Holiday retail sales could be the strongest in years.
  • The U.S. growth rate is approaching economy’s full potential.
  • Q3 GDP signals U.S. manufacturers may be gaining global market share.
  • U.S. GDP growth of 3.1% in 2015 looks likely.

Click here to read my full report.

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