Below trend growth to continue
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.
For further analysis download the full report.
© National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.