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- Title
United States.
- Abstract
Real GDP grew by 1.4% on an annualised basis in Q4 2015, with final sales rising by 1.6% and inventories shaving 0.2ppt from growth. Consumer spending rose by 2.4%, while residential investment capped off a strong year with a 10.1% advance. The major drags on growth came from net trade and business investment. We have revised down our 2016 GDP growth forecast to 2.0% on expectations of a weaker Q1, while our view on 2017 remains at 2.4%. The picture is still one of solid domestic fundamentals being constrained by global headwinds.
- Subjects
UNITED States; UNITED States gross domestic product; CONSUMPTION (Economics); ECONOMIC development; CONSUMER confidence; PETROLEUM sales &; prices; FISCAL policy; HOUSING
- Publication
Economic Outlook, 2016, Vol 40, Issue 2, p34
- ISSN
0140-489X
- Publication type
Article
- DOI
10.1111/1468-0319.12218