Second quarter unlikely to be as good as the first

It is impressive that in the first quarter, when households were hit by higher taxes and everyone had to contend with a spike in gasoline prices, GDP probably grew at an annualised rate of at least 3.0%. But more recent evidence suggests that the economy has entered its now annual spring slowdown, so GDP growth in the second quarter is unlikely to be as good as in the first.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.