Swiss Economicblogs.org
After soft GDP in first quarter, we expect a significant rebound in the current quarter. The underlying strength of the US economy remains intact.US GDP growth decelerated from 2.8% in H2 2016 to 0.7% quarter on quarter (q-o-q) annualised in Q1, slightly below consensus expectations (1.0%). However, this weak reading is mainly due to statistical anomalies (growth tends to be lower in Q1) and transitory factors that weighed on consumer spending and stockbuilding. However, fixed investment...
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