U.S. Outlook: The economy is moving in the right direction

Scott Anderson
Posted by Scott Anderson
Chief Economist

Global equity markets breathed a sigh of relief this week as U.S. economic data showed signs the economy is continuing to grow.

Graph showing recent upward trend in construction spending and employment.The first positive sign came last week, when Q4 2015 real GDP was revised upward to 1.0%.

For more economic analysis, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on March 4.

Key observations:
  • Our forecast for U.S. GDP growth remains at 2.1% for the first quarter of 2016.
  • U.S. manufacturing activity appears to have stabilized in February.
  • The public sector spending growth over last year was the strongest since November 2007.
  • Solid monthly job gains and remarkable growth in the construction sector are sending signals that U.S. economic growth is on the right track, despite volatility in the equity markets.
Click here to read my full report.

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