Despite slow start, US economy is expected to expand at a 3% or so in 2018, thanks to tax cuts, booming profits and credit, according to analysts at BNP Paribas.
Key Quotes
“However, the current weakening in external trade indexes put the risk on the downside.”
“Inflation is accelerating in the wake of higher oil prices and more evident tensions in the labour market.”
“The Fed will keep on normalizing monetary conditions.”
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