United States Economic Update – 17 July 2015
US GDP slowed in the March quarter – extreme winter weather, plunging oil prices, strong $US appreciation and port disruptions all likely factors of influence.
US Economic Update July
- After declining in the March quarter, partial data indicate that the economy resumed growing in the June quarter.
- Due to the revision to first quarter GDP we have raised our 2015 GDP forecast from 2.3% to 2.4%.
- We still expect that the first increase in the fed funds rate will be in September although the risk around this is for a later start.
For further details please see the attached document.
About the Author
NAB’s Group Economics consists of a leading team of economists who provide accurate, timely and relevant updates on domestic, international and industrial economic trends.
Headed up by the Group Chief Economist, Alan Oster, the team is comprised of three distinct departments:
- Australian economics and commodities
- International economics
- Industry economics
The team publish a wealth of content including reports, surveys, forecasts and indexes.
