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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About the Author
Tony joined NAB early in 2011 from the Victorian Treasury where he worked for 12 years on a range of issues, including state budget strategy and forecasting state taxation revenues.
Before this, Tony was in the Commonwealth Treasury for a decade, where he undertook work on macroeconomic forecasting, microeconomic reform and debt management.
Tony grew up in Canberra and graduated (with first class honours) from the Australian National University. He also holds a Masters degree in Applied Finance from Macquarie University.
