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1 Feb 2016
US: Expect GDP growth of 2.2% in 2016 - NAB
FXStreet (Delhi) – Tony Kelly, Research Analyst at NAB, notes that the U.S. GDP growth slowed in the December quarter to 0.2% qoq (0.7% annualised).
Key Quotes
“Most components slowed or stayed weak. The main detractors from growth were inventories and net exports. US dollar appreciation and falling energy prices are weighing heavily on some sectors.
Despite these headwinds, over the last year domestic final demand have held up, and the economy is expected to growth at a moderate pace. We expect GDP growth of 2.2% in 2016 (previously 2.3%) and 2.3% in 2017, although downside risks have increased.”
Key Quotes
“Most components slowed or stayed weak. The main detractors from growth were inventories and net exports. US dollar appreciation and falling energy prices are weighing heavily on some sectors.
Despite these headwinds, over the last year domestic final demand have held up, and the economy is expected to growth at a moderate pace. We expect GDP growth of 2.2% in 2016 (previously 2.3%) and 2.3% in 2017, although downside risks have increased.”