United States (US) GDP Growth Forecast
Key US GDP Forecast Drivers
- Consumer spending growth was solid at 2.5%, but that masked an unexpectedly weak December.
- Nonresidential investment, which had slowed sharply in the third quarter following a strong first half in 2018, rebounded to grow at a respectable 5.4% pace.
- Net exports declined much less in the fourth quarter than had been expected.
- Import growth fell back to a 2.0% pace and exports, which declined in the third quarter, turned up to rise at a 1.8% rate US growth to slow in 2019 to trend-like 2%
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