PowerPoint Presentation

US Executive Briefing – May 2019

​A deceptively strong 3.2% real GDP advance in Q1, along with solid labor market developments in April, confirmed that the US economy is not headed for a recession. However, it remains the case that with fiscal stimulus dissipating, economic momentum will cool through the remainder of the year. We believe the economy will grow 2.6% in 2019 supported by strong fundamentals, still-elevated confidence and a “patient” Fed, but slower disposable income growth, lackluster global activity and rising trade tensions vis-à-vis China represent important downside risks.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below