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: