Economics & Growth | Monetary Policy & Inflation | US
Q4 GDP to Remain Around 3%
- By Dominique Dwor-Frecaut
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- 4 min read
Summary
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- Hard data, Okun’s law, and household income suggest the market is too pessimistic in expecting Q4 GDP growth to slow to 1.1% QoQ SAAR from 3.2% in Q3.
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- Rather, the end of fiscal consolidation, still loose monetary policy, and a weaker dollar suggest Q4 growth could reach 3%.
Summary
-
- Hard data, Okun’s law, and household income suggest the market is too pessimistic in expecting Q4 GDP growth to slow to 1.1% QoQ SAAR from 3.2% in Q3.
-
- Rather, the end of fiscal consolidation, still loose monetary policy, and a weaker dollar suggest Q4 growth could reach 3%.
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