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Weekly Economic Perspectives

US Economy Is Slowing

Q1 US GDP growth was revised down from 1.6% to 1.3%, underscoring a point we have been making for months: rather than reaccelerating, the US economy is slowing. The outcome stands at nearly half the initial 2.5% consensus expectations for Q1 performance.

Chief Economist
Investment Strategist

Growth in US Home Prices Not Extreme

Spotlight on Next Week

  • Consensus expects a BoC cut at the June meeting but we look for it only in July.
  • The ECB to kickstart the easing cycle in June. 
  • Japan’s household spending to have turned positive.
  • Aussie GDP to have risen 0.2% QoQ.

More Weekly Economic Perspectives