Swiss Economicblogs.org
While we still believe an increase in capex will contribute significantly to US growth this year, hard data remains uneven.Our 2018 US growth scenario of 3.0% GDP growth in the US is premised on solid non-residential investment growth of 7.0% – itself based on: (1) the positive business environement post tax cuts; (2) strong global growth; and (3) tighter domestic resource and capacity utilisation.In Q1, US investment was up 6.1% y-o-y, down from 6.3% in full-year 2017. So we need US capital...
Read More »US chart of the week—Capex conundrum
