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30 May 2014
US growth would pick up in Q2 – Danske Bank
FXStreet (Edinburgh) - Jens Pedersen, Analyst at Danske Bank, sees the economic growth gathering traction in the second quarter.
Key Quotes
“The US economy contracted 1% q/q ann. in Q1 14 – the first drop in GDP since Q4 11”.
“The setback was mainly due to the harsh winter weather and less inventory build-up”.
“Both are temporary factors which will not weigh on growth in the second quarter where indicators suggest that growth has rebounded”.
Key Quotes
“The US economy contracted 1% q/q ann. in Q1 14 – the first drop in GDP since Q4 11”.
“The setback was mainly due to the harsh winter weather and less inventory build-up”.
“Both are temporary factors which will not weigh on growth in the second quarter where indicators suggest that growth has rebounded”.