Economic Update

JP Morgan
By July 30, 2019 17:56

Economic Update

The first estimate for 2Q19 real GDP growth came in at 2.1%, a little stronger than the consensus expectation of 1.9%. Real government spending, which grew at 5% annualized in the second quarter, and real consumer spending, which grew at a very strong 4.3%, were positive contributors to growth, while a 0.8% decline in business fixed investment, slower inventory growth and weaker trade detracted. Looking forward to the third quarter, inventory growth should decline further while consumer spending and government spending will likely grow at a more moderate pace and trade numbers should continue to be weak. However, home-building and business fixed investment should return to positive growth leading to a more balanced, if still slow, pace of economic growth – possibly tracking below 2% until inventory growth stabilizes.

JP Morgan
By July 30, 2019 17:56


Featured Events & Webinars

  1. T. Rowe Price – Webinar – What will a new era bring for Japan?

    October 7 @ 10:00 - 10:30


"The relentless run in #riskassets over the last five months finally faded a bit in early September, as the S&P 500 fell nearly 8% and the tech-heavy #NASDAQ fell 11%. This year’s returns have been heavily influenced by the …" ->

"All eyes were on #centralbanks. As expected, the #Fed left its rates unchanged. It even said they would not move until inflation rose above 2% and stayed there for some time, a situation ..." ->

"Some regions of #Europe are returning to #lockdown – for instance some districts of Madrid badly hit by the second wave of the #pandemic. Yet, for now these lockdowns are ..." -> #ecb

Various central banks met last week and offered markets the comfort of ongoing stimulus. #ChartoftheWeek plots both historic US interest rates and the market’s implied expectations, forecasting no normalisation. Read more in our #FixedIncome roundup:

Load More...

Search on date

July 2019