Swiss Economicblogs.org
Second-quarter growth points to a US economy in fine stead, driven by investment spending. Revisions show the savings rate is healthier than thought.US GDP grew 4.1% in the second quarter q-o-q (seasonally adjusted annualised reading, or SAAR), according to the first estimate, up from a revised 2.2% in Q1-2018 (2.0% previously). This is the strongest q-o-q reading since Q3 2014. But there was no particular ‘wow’ effect since the market had expected 4.2%. The y-o-y print, a more accurate and...
Read More »Solid momentum in a US economy so far unaffected by trade tensions
