US GDP

The IMF surprised investors this week by revising 2017 growth forecasts down from 2.3% to 2.1% for the US economy. Uncertainty surrounding the Trump administration’s lack of congressional support to pass the ‘amazing’ fiscal policies promised at the start of his presidential tenure, had started to effect inward investment stateside. With uncertainty rife, the latest GDP print which beat expectations at 1.4% should give the administration a little respite as consumer spending also increased by 0.5% for the first quarter of 2017.

 

Anthony Kurukgy comments on the US GDP print

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