28 Apr 2016
US Q1 GDP likely slowed – Danske Bank
Research Team at Danske Bank, suggests that the US will see the first estimate of GDP growth in Q1 and they expect this to confirm that activity slowed in Q1 as most indicators have shown.
Key Quotes
“We look for growth of a mere 0.7% q/q (ar) as private consumption has slowed and investments have been weak. Our main scenario is that growth will rebound in Q2 and Q3, as we expect consumption growth to pick up again because it has been relatively subdued in Q1 despite high consumer confidence and increasing employment.”
Key Quotes
“We look for growth of a mere 0.7% q/q (ar) as private consumption has slowed and investments have been weak. Our main scenario is that growth will rebound in Q2 and Q3, as we expect consumption growth to pick up again because it has been relatively subdued in Q1 despite high consumer confidence and increasing employment.”