PowerPoint Presentation

US Executive Briefing – June 2019

As we approach the 2019 halfway mark, we believe that solid economic fundamentals will prevent a hard landing, with GDP growing 2.4% this year. Solid job growth and resilient confidence will support consumer outlays and business investment through the year. However, with fiscal stimulus dissipating and trade tensions escalating, the risk of a more pronounced slowdown in H2 is non-negligible, especially with financial markets betting on a recession.

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