The recent strength evident in much of the incoming survey and activity data suggeststhat we were right to believe GDP growth would accelerate once credit conditions eased and thefiscal drag faded. We expect the economy to expand at an annualised pace of 3% over the next 18months, prompting the Fed to begin raising its policy rate from near-zero next March.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services