May 2, 2017

US Economic Update: US GDP Q1 2017

The details for quarterly growth, while mixed, where not as bad as the headline result.


  • Sluggish March quarter GDP growth suggests the economy got off to a slow start in 2017.
  • However, March quarter weakness is not uncommon and business surveys and consumer confidence remain solid.
  • The outlook for the US economy – of modestly above trend growth – remains unchanged.

For further details please see the attached document