US Economics Update State & local government investment boom won’t last The unprecedented surge in state & local government investment, which added close to 0.4%pts to annualised GDP growth in both the first and second quarters, is unlikely to be sustained. This is... 3rd July 2019 · 2 mins read
US Data Response International Trade (May) The sharp widening in the trade deficit to $55.5bn in May, from $51.2bn, suggests that net trade was a slightly bigger drag on second-quarter GDP growth than we had previously anticipated, with the... 3rd July 2019 · 2 mins read
US Economic Outlook Downside risks mount We expect GDP growth to slow sharply in the second half of this year, prompting the Fed to cut interest rates by a cumulative 75bp. GDP growth will slow from 2.3% this year to 1.2% in 2020, before... 27th June 2019 · 24 mins read
