GDP rose by 0.2% q/q (1.0% y/y) marginally weaker than we expected (and in line with consensus).
Article
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:
