US Economic Update – December 2017
2017 has proved to be another year of solid US economic growth and more of the same is expected in 2018, helped along by fiscal stimulus.
2017 has proved to be another year of solid US economic growth and more of the same is expected in 2018, helped along by fiscal stimulus.
The effects of the recent major Hurricanes affecting the US are clearly evident in some of the economic data.
Increasing household wealth (due to rising equity and house prices), as well as a high level of consumer confidence, remain tailwinds for consumer spending.
After a sluggish start to the year, GDP growth rebounded in the June quarter and the labour market continues to tighten.
Following a slow start to the year, GDP growth looks to have accelerated in the June quarter.
After a slow start to the year, early indications for June quarter GDP are pointing to an acceleration in growth.
The details for quarterly growth, while mixed, where not as bad as the headline result.
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