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Prospects for the US economy to end-2019

Thursday, June 13, 2019

Subject

Prospects for the US economy to end 2019.

Significance

The strong US labour market and low borrowing costs for businesses and individuals are helping to sustain the decade-long economic expansion. GDP grew by more than 3% in January-March, the third quarter out of four in which it was above 3%. The lacklustre housing market, softening manufacturing sector and rising consumer financial stress may dampen economic growth in the rest of 2019, taking it to 2.3-2.5% for the year.

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