Analysts at Westpac, expect the US Q2 GDP to print 4.2% as a very strong Q2 outcome has long been expected by the market. Key Quotes “Following a modest gain of 2.0% in Q1, in part because of particularly poor weather, US GDP is set to bounce over 4.0%. There are a number of risks, primarily around deflators for trade and consumption, that could see the final number come out anywhere between 3.5% and 4.5% annualised. But to us the most likely outcome is circa 4.2%.” “In terms of the components, trade and government spending are expected to be strong positives, with business investment and consumption also set to provide material support.” “Following this release, attention will quickly turn to the second half of 2018. Here, expectations are also very high, but to us so are the risks.” “In recent business investment partial data, there has been signs of a softening, and anecdotes on the effect from tariffs are rising. Real income growth for the consumer is also a looming constraint.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD Technical Analysis: Consolidates in a range above mid-1.3000s, US GDP awaited FX Street 5 years Analysts at Westpac, expect the US Q2 GDP to print 4.2% as a very strong Q2 outcome has long been expected by the market. Key Quotes "Following a modest gain of 2.0% in Q1, in part because of particularly poor weather, US GDP is set to bounce over 4.0%. There are a number of risks, primarily around deflators for trade and consumption, that could see the final number come out anywhere between 3.5% and 4.5% annualised. But to us the most likely outcome is circa 4.2%." "In terms of the components, trade and government spending are expected to be strong… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
