20 Jan 2015
IMF highlights US growth outlook – BTMU
FXStreet (Edinburgh) - Derek Halpenny, European Head of GMR at BTMU, remarks the recent assessment of the IMF regarding the US economic growth.
Key Quotes
“The IMF released its quarterly update on global growth this morning and the message was clear – the US economic outlook is on a different trajectory than most other major economies and will be an increasingly important source of growth in 2015, underlining our reason for being US dollar bullish”.
“While global growth was revised down from 3.8% to 3.5%, real GDP in the US is now expected to expand by 3.6%, up from the previous 3.1% rate”.
“The new rate is now an incredible three times faster than the 1.2% (revised down from 1.3%) rate now expected for the euro-zone”.
“One other highlight is the scale of downgrade for China (-0.3ppt in 2015 & -0.5ppt in 2016) to 6.8% this year and 6.3% in 2016”.
Key Quotes
“The IMF released its quarterly update on global growth this morning and the message was clear – the US economic outlook is on a different trajectory than most other major economies and will be an increasingly important source of growth in 2015, underlining our reason for being US dollar bullish”.
“While global growth was revised down from 3.8% to 3.5%, real GDP in the US is now expected to expand by 3.6%, up from the previous 3.1% rate”.
“The new rate is now an incredible three times faster than the 1.2% (revised down from 1.3%) rate now expected for the euro-zone”.
“One other highlight is the scale of downgrade for China (-0.3ppt in 2015 & -0.5ppt in 2016) to 6.8% this year and 6.3% in 2016”.