29 Oct 2015
US Q3 GDP likely to show significant slowdown - Danske Bank
FXStreet (Bali) - According to Arne Lohmann Rasmussen, Chief Analyst, Head of Fixed Income Research, at Danske Bank, US GDP data are likely to show a significant slowdown in growth in Q3.
Key Quotes
We estimate that the drag from net exports and slower inventory accumulation will push GDP growth to 1.5% q/q AR despite still solid growth in private consumption of 3.2% q/q AR."
"We expect Q3 to mark the low point of GDP growth this year and look for a return to above 2% growth next year."
Key Quotes
We estimate that the drag from net exports and slower inventory accumulation will push GDP growth to 1.5% q/q AR despite still solid growth in private consumption of 3.2% q/q AR."
"We expect Q3 to mark the low point of GDP growth this year and look for a return to above 2% growth next year."