All Posts Tagged: GDP forecast
U.S. economic doomsayers will be less boisterous after this week’s data. A robust May retail sales report and upwardly revised sales for March and April should remind investors and analysts there are still major sectors of the U.S. economy that are holding up quite well, despite the bond market’s doom and gloom and calls for imminent and substantial rate cuts from the Federal Reserve.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on June 14.Key observations:
- Solid job market and consumer confidence continue to drive gains in retail spending.
- Strength in May retail sales and upward revisions to the prior two months have prompted an increase in our second quarter GDP growth forecast.
- There will be weaker consumer spending and GDP growth ahead if the trade war with China continues to escalate.
Read my full report.Read More ›
What to expect from first quarter GDP growth? Scott Anderson offers an analysis in the U.S. Outlook.Read More ›
How will the government shutdown impact our GDP forecast? Scott Anderson examines the data in his U.S. Outlook.Read More ›
U.S. GDP growth slowed to 2.6% in the fourth quarter, following a 3.2% annualized growth rate in the third quarter.Read More ›
The rebound was driven by a marked improvement in real consumer spending growth to a 2.8% annualized pace from a 1.9% pace in Q1.Read More ›