US growth poised for a post-shutdown bounce
- United States
ING's James Knightley on why US growth is set to bounce back in the first quarter of the year following a post-shutdown dip
The US government shutdown created more of a slowdown than expected, and trade developments didn’t deliver the boost many were hoping for – although core consumer spending and business investment remain solid. Growth, however, is largely being driven by tech-related investments and higher‑income consumers, says ING's James Knightley
Content Disclaimer
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.Read more