This report analyzes the U.S. economic outlook based on recent quarterly developments, highlighting growth, labor market trends, inflation, monetary and fiscal policies, and the external sector.
(Generated with the help of GPT-4)
| Quick Facts | |
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| Report location: | source |
| Language: | English |
| Publisher: | |
| Authors: | Inés Bustillo, Helvia Velloso |
| Geographic focus: | United States |
| Page count: | 27 páginas. |
The research method involved analyzing economic indicators, government reports, and market forecasts to assess the U.S. economic outlook. Data from the Bureau of Economic Analysis, Federal Reserve, and other official sources were used to evaluate GDP growth, labor market trends, inflation rates, monetary and fiscal policies, and the external sector's performance.
(Generated with the help of GPT-4)
The U.S. economy grew at an annual rate of 3.1% in Q1 2019, driven by exports and inventory buildup. Job gains slowed in May, with only 75,000 new jobs. Inflation remains muted, with the CPI rising 1.8% over the last 12 months. The current account deficit decreased to $130 billion in Q1. The Federal Reserve kept interest rates steady but signaled potential cuts to sustain economic expansion. Trade tensions and the possibility of a downturn are concerns. The expansion, now in its 10th year, is the longest on record but lacks vigor compared to previous ones.
(Generated with the help of GPT-4)