Growth weak as consumers remain on sidelines.
Report
August 3, 2015
US Economic Update – US GDP Q2 2015
U.S. GDP growth accelerated in the June quarter to a rate of 0.6% qoq (2.3% annualised). Following revisions, the economy is now estimated to have grown in the first quarter.
- U.S. GDP growth accelerated in the June quarter to a rate of 0.6% qoq (2.3% annualised). Following revisions, the economy is now estimated to have grown in the first quarter.
- The economy is expected to continue growing at an above trend growth rate. However, our forecasts have been marked down (2.4% to 2.3% in 2015, 2.7% to 2.6% in 2016) due to a likely inventory correction.
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