简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Senior Economist at UOB Group Alvin Liew assesses the first revision of the US Q1 GDP Growth.
Key Takeaways
“The advance estimate of US 1Q GDP surprised on the downside with a 1.4% q/q SAAR contraction, the first decline in nearly two years since 1Q 2020, from an 6.9% expansion in 4Q 2021. While private consumption expenditure (PCE) and business spending supported growth, the larger drags came from the net exports of goods and services, the reversal of private inventories and weaker government consumption and investment.”
“The lower than expected 2.7% PCE increase coupled with the lower savings rates in 1Q, was seen as a sign on how the accelerating inflation is eating into spending, and this is something that will need to be monitored as inflation is likely to accelerate further in 2Q, which could further impair spending.”
“With the unexpected magnitude of the drag of net exports and the reversal of private inventories resulting in the weaker growth outcome in 1Q, we will further lower our US GDP growth forecast for 2022. While growth is lowered, it remains above US potential and we are not expecting US to enter into a recession in the next 6-12 months, as we note that the US employment situation remains favorable with good wage growth, still significant excess household savings, and potentially new investments into US energy sector while the Russia-Ukraine conflict is likely to have a greater impact on US inflation compared to its growth. We now expect GDP growth to be lower by 0.3ppt to 3.0% in 2022 (from previous forecast of 3.3%) before easing further to 2.3% in 2023 (unchanged from previous forecast).”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.
TradingView and MetaTrader based on ease of use, customization, broker integration, and automation to find the best platform for your trading style.