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:
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About the Author
Tony joined NAB early in 2011 from the Victorian Treasury where he worked for 12 years on a range of issues, including state budget strategy and forecasting state taxation revenues.
Before this, Tony was in the Commonwealth Treasury for a decade, where he undertook work on macroeconomic forecasting, microeconomic reform and debt management.
Tony grew up in Canberra and graduated (with first class honours) from the Australian National University. He also holds a Masters degree in Applied Finance from Macquarie University.
