United States

摘要

Real GDP growth was unrevised at 6.4% annualised in the third and final Q1 GDP release, confirming the economy started the year on a strong footing. The remarkable 11.5% surge in real private domestic demand reflected robust consumer spending (+11.4%), business investment (+11.7%), and residential investment (+13.1%) – all revised upward. With most Q2 data released, we estimate the economy is now larger than it was at the end of 2019 and is on track to surpass its pre‐Covid trend.