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Weekly Economic Perspective

Another Robust Quarter for US Household Consumption

Chief Economist
Investment Strategist

The Economy

  • US Q4 GDP growth beats expectations.
  • BoC holds policy, but sounded more hawkish.
  • UK service activity picks up.
  • ECB not in a rush to cut.
  • BoJ more optimistic amid rising risks of faltering demand.
  • Retail prices declined in Australia.

Spotlight On Next Week

  • The Fed to hold rates steady as employment gains continue.
  • Canada’s GDP may have risen sparingly in November.
  • Germany’s GDP contraction seen intensifying.
  • Aussie inflation to decline in Q4.

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