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 GDP Expected to Grow by 5pc


June, 28 2018
watermark Economic news

Several forecasting experts suggest that the American economy could reach 5% growth during the period from April to June or possibly breaking its highest bar in the past 15 years. Some Wall Street companies increased their forecasts for Q2 following the unexpected decline in the  U.S. trade deficit in May. More importantly, Macroeconomic Advisers also lifted their estimates from 4.5% to 5.3% for the gross domestic product (GDP) according to the official scorecard for the US economy.


Meanwhile, the assessment of Atlanta Federal Reserve’s GDP tracker showed an expansion of 4.5% annual percentage rate in the second quarter. The best economic performance for a single quarter since after the recession was recorded during 2014 of autumn as the GDP jumped to 5.2%. Prior that surge, the last quarterly GDP gained 5% in 2003.


Some questioned the sudden economic growth of the United States, thanks to the consumer expenditure that rebounded after the modest increase buoyed by tax reductions and stable labor market, which offers plenty of jobs. On the other hand, the business investment also showed a strong stance but the US trade deficit came in lower than the expected results.


The nation is expecting to escalate this year, however, economists lack confidence that the US strength will last. Most of the experts project that GDP will weaken in 2019 and 2020 because of the effects of the tax cuts and the expansion in government spending was short-lived.


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.