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United States
Publication year - 2017
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12311
Subject(s) - investment (military) , economics , consumer spending , monetary economics , real gross domestic product , macroeconomics , international economics , recession , political science , politics , law
Real GDP grew by 3.1% on annualised basis in Q2 2017, with final sales up 2.9% and inventories adding 0.1pp to growth. Consumer spending rebounded by 3.3%, after a soft Q1, supported by gains across all three major subcategories. Business investment rose by a robust 6.7%, spurred on by firm domestic activity and stronger global growth. Looking ahead, we forecast that GDP growth will average 2.2% in H2.