US Economic Update – October 2018
US economy continued to grow strongly in Q3.
Overview:
- The US economy performed strongly in Q3 2018, and over the last year grew at its fastest rate in over three years.
- With households benefiting from this year’s tax cuts, consumption growth remained strong.
- However, with the impact of this year’s fiscal stimulus set to fade and with monetary policy gradually tightening, we expect US growth to slow over the next two years.
For further details download the below report:
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.
