Investment outlook 2019: US fiscal sugar rush will fadeContributor Karen Ward
We don’t believe significant US economic outperformance will persist through the course of 2019. The fiscal stimulus that provided an intense sugar rush in 2018 is expected to fade in the coming quarters, and overall US GDP growth is expected to moderate to less than 2% by the end of 2019 (see below).
The sugar rush of fiscal stimulus will fade in 2019
Contribution of fiscal spending to US real GDP growth
% points contribution to real GDP (quarter on quarter, seasonally adjusted annualised rate)
Key themes for 2019
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