this-week-s-state-of-the-economy---what-is-ahead---27-november-2019

This Week's State Of The Economy - What Is Ahead? - 27 November 2019

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U.S. - Fundamentals Continue to Support Festive Holiday Spending

 

  • Despite easing for the fourth consecutive month, confidence still remains near its cycle high in November as consumers continue to focus on their own economic prospects, while discounting political drama out of Washington D.C. and concerns from abroad.
  • The health of the labor market, low gasoline prices and a stock market near record highs continue to underpin our expectations for solid consumer spending growth in the  fourth quarter, albeit at a substantially slower pace than the robust rates seen in the prior two quarters.

Global Review - Boris Johnson Commands Lead in U.K. Polls

 

  • A series of U.K. general election polls released this week continue to show Boris Johnson’s Conservative Party with a significant lead over the opposition Labour Party. The current margin of support points to a parliamentary majority for the Conservatives, although much can still change over the next two weeks leading into the election.
  • It was a quiet start to the week for international data releases. Sentiment figures from Germany rebounded very slightly but still point to especially sluggish economic growth, while revisions to Mexican GDP figures showed the economy contracted for three straight quarters starting in Q4-2018. 

 

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