Economic Uncertainty Seems Removed Going Into The New Year 2020

Date: 28 December, 2019 | By : 

U.S. Outlook

  • The U.S. economy continues to expand, albeit at a moderate pace. The U.S. Bureau of Economic Analysis reports U.S. gross domestic product (GDP) grew 2.1 percent in Q3/19. For the 12 months ending Q3, the U.S. grew 2.0 percent, adjusted for inflation. While somewhat off the pace of the past five years, it’s above what many economists expected. The rate also falls near the long-term average for the economy.


Global Outlook

  • The outlook for global growth looks better today than it did a year ago. The Organization for Economic Co-operation and Development (OECD) expects the global economy to grow 3.0 percent in ’20, marginally above the 2.9 percent ...

You will see following content inside the report.:

  1. USMCA bill passed with phase one deal announced
  2. Industrial production jumped in November
  3. Residential activity post solid gains, new home sales expanding

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