NAB’s Wellbeing Index rebounded solidly in the June quarter, after falling to its lowest point in the history of the survey. Pressures remain. But the effort required has eased.
Report
January 31, 2018
US Economic Update: Q4 GDP 2017
US GDP grew solidly for the third consecutive quarter to end 2017.
Key points:
- US GDP grew solidly for the third consecutive quarter to end 2017.
- The composition of GDP growth was also positive with consumption strong and business investment accelerating.
- We have lifted our forecast for 2018 GDP growth from 2.4% to 2.7%, but still expect growth to slow in 2019 as the Fed returns monetary policy to a more neutral setting, this year’s fiscal stimulus impacts fade and capacity constraints bite.
For further details please see the attached document:
