17 Jul 2014
US economy expected to grow above trend - Goldman Sachs
FXStreet (Łódź) - Dominic Wilson from Goldman Sachs suggests that the US economic recovery is accelerating above trend.
Key quotes
"The picture of underlying recovery is one of steadier healing than the GDP growth numbers show."
"Our US Current Activity Indicator (CAI) – which summarises the key monthly US data – shows growth of 2.7% over the last year, the fastest pace of the recovery so far."
"Payrolls growth is also running at its fastest pace of the recovery on 3, 6 and 12-month measures. We think this will continue."
"Financial conditions stand at their easiest level of the recovery both in absolute terms and relative to our view of the 'appropriate' level."
"The housing data, which was the most troubling soft spot in the last six months, has also begun tentatively to improve."
"The equity market has steadily upgraded it growth view over the last year."
Key quotes
"The picture of underlying recovery is one of steadier healing than the GDP growth numbers show."
"Our US Current Activity Indicator (CAI) – which summarises the key monthly US data – shows growth of 2.7% over the last year, the fastest pace of the recovery so far."
"Payrolls growth is also running at its fastest pace of the recovery on 3, 6 and 12-month measures. We think this will continue."
"Financial conditions stand at their easiest level of the recovery both in absolute terms and relative to our view of the 'appropriate' level."
"The housing data, which was the most troubling soft spot in the last six months, has also begun tentatively to improve."
"The equity market has steadily upgraded it growth view over the last year."