Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US Economic Growth to Rise Above 2%: Poll


October, 23 2017
watermark Economic news

Majority of the business economists have predictions about the possible growth of the US economy by more than 2 percent next year, amid the weakening business conditions as shown in the poll issued on October 23, Monday.


The increasing outlook for US economic growth takes place regardless of the low-profit estimate while uncertainties continuous due to complicated debates about trade and tax policy held in Washington, according to the National Association for Business Economics which include summarized survey of 85 economists for a quarter.

The growth forecast for real gross domestic product had "improved materially" for the month of October versus in July based on the report. There are 80% of the group that estimated the development will come in between 2.1 percent and 3 percent in 2018 and other 15% said it will reach between 1.1 percent and 2 percent.


However, the result of US growth is 3.1 percent during the second quarter as indicated in the official data and the progress for the first quarter was only 1.2 percent. In comparison to US growth in 2016 with 1.5 percent and 2.9 percent in 2015.

The poll also showed that most of the business economists are optimistic about future sales and many companies don’t find it difficult to hire new staffs in spite of lower levels of unemployment.


While the downside lies in the report that indicates a small number of firms are expecting for profit margins to increase over the July survey. Meanwhile, material costs for businesses had rise amid the low benchmark this month versus in the months of April and January.

Several companies that released their quarterly earnings presented that hurricanes as a determinant for tight supplies of petroleum-linked products led to a much expensive price of raw materials.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.