US: Growth likely to slow to 2.1% this year – BNP Paribas

Sandeep Kanihama FXStreet Contributor

According to analysts at BNP Paribas, US growth is expected to slow to 2.1% this year, led by the trade war uncertainty.

Key Quotes

“Trade war uncertainty acts as a drag, the housing market is softening, corporate investment should slow, as well as exports in reaction to the past strengthening of the dollar against a broad range of currencies.”

“Core inflation remains well under control and has eased a bit.”

“Following the dovish message from the January FOMC meeting, markets are pricing in a policy easing in the course of 2020.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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