NAB: US Q4 GDP likely to grow by 0.5%

National Australia Bank analysts at expecting the US Q4 GDP growth of 0.5% (2.1% annualised).

Key Quotes

“This is well down on the previous two quarters, but is still above our estimate of longer-term trend GDP growth (around 13⁄4% per year). However, we expect growth to ease further through to Q3 2019, before stabilising towards the end of the year.”

“Overall, we are projecting year-average GDP growth of 2.1% in 2019 and 1.8% in 2020.”