A surge in business inventories appears to have boosted first-quarter GDP, but the now elevated inventory-to-sales ratio suggests that inventories will be a drag over the remainder of this year, which supports our view that GDP growth will slow to below 2% annualised.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services