A temporary government shutdown with no end in sight, rising trade conflicts and...
DUBLIN - A temporary government shutdown with no end in sight, rising trade conflicts and a global growth slowdown: the first quarter outlook for the U.S. economy did not look promising at the turn of the year.
After China’s economy defied expectations that it would slow further in January-March, U.S. growth is expected to be 2.1 percent in the same period, although the range of analysts’ estimates was wider than usual at 1.0 to 2.9 percent. “On the contrary, next week’s GDP figures are likely to show decent growth. In addition, companies have boosted investment, which argues against an imminent recession.”
The main wild card for Friday’s release could be private inventories, according to a number of analysts, including Unicredit, whose 1.3 percent GDP forecast sits at the more pessimistic end of the range.
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