US: Q1 GDP likely to advance 2.3% q/q - TDS
|Analysts at TD Securities expect the US GDP to advance 2.3% q/q saar in Q1, largely keeping with the economy’s Q4 pace.
Key Quotes
“Despite a notable slowdown in consumer spending, we anticipate an offsetting shift from negative to positive contributions for net exports and government spending. Indeed, we expect the contribution to growth by private consumption to be around half of what it was in Q4 2018.”
“Notably, and reflecting the recent pick-up in the housing sector, residential investment likely contributed positively to growth for the first time since 2017. All in, a more solid Q1 print suggests less impetus for a particularly large bounce back reflected in the Q2 GDP print.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.