The U.S. economy showed surprising resilience last year, defying all expectations with an impressive growth of 3.2 per cent annualized in the fourth quarter. It is, however, hard to keep that kind of momentum up and it’s anticipated that growth will slow over the coming months. While inflation is starting to head in the right direction, it is unlikely that a rate cut will come before the end of this quarter, and that will have an impact on consumer spending.
But what does all this mean for labour markets? And how could the upcoming election affect the fiscal outlook. For more insights, read the full analysis here.
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