Pantheon Macroeconomics - We were nervous ahead of the GDP numbers on Friday, wondering if our forecast of a 1.5 percentage point hit from foreign trade was too aggressive. In the event, though, the trade hit was a huge 1.7pp, so domestic demand rose at a 3.5% pace.

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30 January 2017 Can the Second Half Growth Momentum Carry into this Year?

By Ian Shepherdson

We were nervous ahead of the GDP numbers on Friday, wondering if our forecast of a 1.5 percentage point hit from foreign trade was too aggressive. In the event, though, the trade hit was a huge 1.7pp, so domestic demand rose at a 3.5% pace.

Posted: 29th Jan 2017 in 'U.S. Documents'

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