Below trend growth to continue
Insight
May 15, 2013
US Economic Update – May 2013
US GDP rose by 2.5% (annualized rate) in the March quarter. Underlying trend is modest growth. We are forecasting GDP growth of 2.1% in 2013 and 2.9% in 2014. While GDP growth will likely moderate in the current quarter it should strengthen in the second half of the year.
- US GDP rose by 2.5% (annualized rate) in the March quarter. Underlying trend is modest growth.
- We are forecasting GDP growth of 2.1% in 2013 and 2.9% in 2014. While GDP growth will likely moderate in the current quarter it should strengthen in the second half of the year.
- The potential growth rate of the U.S. economy has slowed down, and this lower growth rate is expected to be maintained into the future.
For further analysis download the full report.
- US Economic Update – May 2013 (PDF 258 KB)
