Swiss Economicblogs.org
Global growth, post-hurricane reconstruction and higher oil prices are all provided a boost to the US growth outlook. But uncertainty still hangs over tax cuts and the Fed.We are raising our US GDP forecast for 2017 (+0.1 percentage point to 2.3%) and 2018 (+0.3 point to 2.0%) on the back of stronger momentum in Q4 2017. Accelerating global growth is a tailwind for the US economy – as seen in the recent sharp pick up in exports, particularly to emerging markets. Reconstruction efforts in the...
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