US US real GDP grew at an annualised rate of 3.2% in Q1 of 2019. The first quarter headline rate of growth was stronger than most analysts had expected, and it represents a pick-up in growth relative to Q4. But underlying details of economic growth were not quite as strong as the headline growth rate [...]
US US small business optimism was virtually unchanged in March. Despite the stock market having recovered from its end-of-year rough patch and the government shutdown now firmly in the rearview mirror, the index remains noticeably below the current cycle’s high reached in August. The lack of a rebound suggests that small businesses are feeling the [...]
US Recent data continue to suggest a softer first quarter in the US, but with the underlying fundamentals of the US economy generally solid at present, talk of an imminent recession may be a bit overdone. Absent some unforeseen shock, “talking” ourselves into a recession seems to be the most realistic way the US economy [...]
