We forecast the global economy to grow by 2.9% in both 2025 and 2026 (previously 2¾% in both years).
Insight
January 12, 2017
US Economic Update: January 2017
According to the most recent surveys, business conditions and household sentiment are solid, and on an upwards trend.
Economic conditions remain solid as optimism rises
- Surveys show business conditions are solid, while small business and consumer sentiment has strengthened post-election.
- However, increases in interest rates and the US dollar may act as a constraint on growth until the expected fiscal stimulus kicks in later in the year.
- Partial data point to moderate, over 2% annualised GDP growth, in the December quarter.
For further details please see the attached document
