BBG Survey: US Q1 GDP seen bouncing back but not reaching Trump’s target

Dhwani Mehta FXStreet

According to a Bloomberg Survey of economists, the US GDP probably expanded at 1% annualized rate in Q1 2017.

Key Quotes:

“As some transitory drags dissipate, economists project a second-quarter rebound similar to the pattern of the past three years”.

“Beyond the quarterly gyrations and a surge in optimism, annual estimates show just 2.2 percent to 2.3 percent growth through 2019, a tad above the average pace during the almost eight-year expansion.”

“While consumer spending will keep underpinning a moderately growing economy, Trump’s goal of 3 percent to 4 percent sustained expansion looks increasingly out of reach.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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