US Economic Update: US GDP Q1 2017

The details for quarterly growth, while mixed, where not as bad as the headline result.

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Overview:

  • Sluggish March quarter GDP growth suggests the economy got off to a slow start in 2017.
  • However, March quarter weakness is not uncommon and business surveys and consumer confidence remain solid.
  • The outlook for the US economy – of modestly above trend growth – remains unchanged.

For further details please see the attached document