United States

摘要

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.