USA Economic Update – 12 April 2012

It is too early to say that the disappointing March jobs outcome signals a shift to a much slower pace of jobs growth but some downwards correction was expected.

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  • It is too early to say that the disappointing March jobs outcome signals a shift to a much slower pace of jobs growth but some downwards correction was expected.
  • GDP growth is expected to slow in the March quarter, but gather momentum over the rest of 2012. We are forecasting GDP growth of 2.3% in 2012 and 3.1% in
  • 2013.
  • The March jobs result has renewed speculation in another round of quantitative easing. By itself it is not enough of a trigger, although further QE remains a possibility if the outlook deteriorates.

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