RBA revisions, rates and risks ahead
July 13, 2012
US Economic Update – July 2012
The recent softness in economic indicators continued over the last month, and now point to GDP growth in the June quarter being slightly weaker than the March quarter’s modest pace. While we still expect GDP growth to strengthen in the second half of the year we have trimmed our growth expectations for 2012 (from 2.2% […]
- The recent softness in economic indicators continued over the last month, and now point to GDP growth in the June quarter being slightly weaker than the March quarter’s modest pace.
- While we still expect GDP growth to strengthen in the second half of the year we have trimmed our growth expectations for 2012 (from 2.2% to 2.1%) and 2013 (from 2.9% to 2.7%).
- While unlikely at the next FOMC meeting (particularly in the form of QE), further unconventional easing measures by the Fed remain a possibility.
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