US Economic Update – November 2019
The waiting game – what’s next for US-China “Phase One” trade deal?
- While we wait to see if the US-China agree to a “Phase One” trade deal, early data for Q4 continue to show a slowing in growth.
- Household spending is still growing (but more slowly) and, while housing investment is improving, business investment is under pressure.
- Trade disputes have been weighing on activity and while a trade deal would boost sentiment, it is unclear whether it would remove the uncertainty that has been leading US businesses to reduce investment.
Find out more NAB’s US Economic Update – November 2019
About the Author
NAB’s Group Economics consists of a leading team of economists who provide accurate, timely and relevant updates on domestic, international and industrial economic trends.
Headed up by the Group Chief Economist, Alan Oster, the team is comprised of three distinct departments:
- Australian economics and commodities
- International economics
- Industry economics
The team publish a wealth of content including reports, surveys, forecasts and indexes.
