NAB pushes out first rate cuts to May 2025 as “lower for longer” strategy plays out
Insight
January 30, 2017
US Economic Update: 2016 Q4 GDP
We expect growth to face some headwinds in coming quarters but to strengthen later in the year and into the next, assuming the President delivers a fiscal stimulus to the economy
Key Points:
- The US recorded moderate GDP growth in 2016 Q4, including further signs of improvement in business investment, while consumption growth remained solid.
- Trade was a major headwind in the quarter, although this was in part due to a reversal of the previous quarter’s spike in food exports.
For further details please see the attached document:
