U.S. Economic Outlook: Quarterly developments

Highlights: • In the first quarter of 2019, the U.S. economy grew at an above-trend annualized rate of 3.1%, despite the government shutdown and concerns about residual seasonality. Growth was driven by exports and a buildup in inventories. • In May, U.S. employers added just 75,000 jobs, one of t...

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Otros Autores:	NU. CEPAL. Oficina de Washington
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2019
Materias:	CONDICIONES ECONOMICAS DESARROLLO ECONOMICO TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC TRENDS ECONOMIC INDICATORS
Acceso en línea:	http://hdl.handle.net/11362/44652
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spelling	oai-11362-446522019-11-28T19:33:02Z U.S. Economic Outlook: Quarterly developments NU. CEPAL. Oficina de Washington CONDICIONES ECONOMICAS DESARROLLO ECONOMICO TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC TRENDS ECONOMIC INDICATORS Highlights: • In the first quarter of 2019, the U.S. economy grew at an above-trend annualized rate of 3.1%, despite the government shutdown and concerns about residual seasonality. Growth was driven by exports and a buildup in inventories. • In May, U.S. employers added just 75,000 jobs, one of the smaller gains since the recession ended in mid-2009. • U.S. consumer price inflation moderated in May, suggesting inflationary pressures remain muted. Over the last 12 months, the all items Consumer Price Index (CPI) rose 1.8%. The core CPI was up 2.0%. • The U.S. current account deficit fell to US$ 130 billion in the first quarter of 2019 (2.5% of GDP), from US$ 144 billion in the fourth quarter. Despite the decline, the current account deficit in the first quarter of 2019 is the second largest of the past decade. • The Federal Open Market Committee (FOMC) kept the target range for the fed funds rate steady but indicated in its statement that it could soon cut it to help sustain the economic expansion. • Trade risks and the uncertainty they create have prompted predictions of Fed rate cuts in the second half of the year. While the U.S. economy is still growing at a relatively strong pace, with unemployment at record lows, escalating trade disputes have heightened concerns about a looming downturn. • June marks the 10th anniversary since the end of the last recession. In July, the current expansion will become the longest on record. 2019-07-03T16:59:37Z 2019-07-03T16:59:37Z 2019-07-03 Texto Documento Completo http://hdl.handle.net/11362/44652 LC/WAS/TS.2019/5 en .pdf application/pdf ESTADOS UNIDOS UNITED STATES ECLAC
institution	Cepal
collection	Cepal
language	English
topic	CONDICIONES ECONOMICAS DESARROLLO ECONOMICO TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC TRENDS ECONOMIC INDICATORS
spellingShingle	CONDICIONES ECONOMICAS DESARROLLO ECONOMICO TENDENCIAS ECONOMICAS INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC TRENDS ECONOMIC INDICATORS U.S. Economic Outlook: Quarterly developments
description	Highlights: • In the first quarter of 2019, the U.S. economy grew at an above-trend annualized rate of 3.1%, despite the government shutdown and concerns about residual seasonality. Growth was driven by exports and a buildup in inventories. • In May, U.S. employers added just 75,000 jobs, one of the smaller gains since the recession ended in mid-2009. • U.S. consumer price inflation moderated in May, suggesting inflationary pressures remain muted. Over the last 12 months, the all items Consumer Price Index (CPI) rose 1.8%. The core CPI was up 2.0%. • The U.S. current account deficit fell to US$ 130 billion in the first quarter of 2019 (2.5% of GDP), from US$ 144 billion in the fourth quarter. Despite the decline, the current account deficit in the first quarter of 2019 is the second largest of the past decade. • The Federal Open Market Committee (FOMC) kept the target range for the fed funds rate steady but indicated in its statement that it could soon cut it to help sustain the economic expansion. • Trade risks and the uncertainty they create have prompted predictions of Fed rate cuts in the second half of the year. While the U.S. economy is still growing at a relatively strong pace, with unemployment at record lows, escalating trade disputes have heightened concerns about a looming downturn. • June marks the 10th anniversary since the end of the last recession. In July, the current expansion will become the longest on record.
author2	NU. CEPAL. Oficina de Washington
author_facet	NU. CEPAL. Oficina de Washington
format	Texto
title	U.S. Economic Outlook: Quarterly developments
title_short	U.S. Economic Outlook: Quarterly developments
title_full	U.S. Economic Outlook: Quarterly developments
title_fullStr	U.S. Economic Outlook: Quarterly developments
title_full_unstemmed	U.S. Economic Outlook: Quarterly developments
title_sort	u.s. economic outlook: quarterly developments
publisher	ECLAC
publishDate	2019
url	http://hdl.handle.net/11362/44652
_version_	1718435067525595136

U.S. Economic Outlook: Quarterly developments

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