- Fitch - falling unemployment, wealth gains, improved consumer confidence and prospect of income tax cuts should support recovery in consumption from Q2 in U.S.
Market news
9 May 2017
Fitch - falling unemployment, wealth gains, improved consumer confidence and prospect of income tax cuts should support recovery in consumption from Q2 in U.S.
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In China, impact of earlier policy stimulus on activity proved more powerful than expected, slowdown in housing market has taken longer than expected
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U.S. growth forecast for 2017 has been revised down slightly but this has been offset by a better outlook for China and Japan
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Weaker q1 US growth was explained by consumption and looks to have been affected by temporary factors
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Expects world growth to rise to 2.9% in 2017 from 2.5% in 2016 and has slightly revised up its 2018 forecast to 3.1% from 3.0% in march
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