Advertisement
Find below the latest US Economic Update from NAB, which is forecasting strengthening growth over the second half of the year and into 2014, driven by rising consumption expenditure on the back of increasing household wealth (rising asset prices), higher employment, and easing lending standards, as well as the ongoing rebound in housing construction.
NAB also believes that the Federal Reserve will end its quantitative easing (QE) program at the end of this year with some tapering of the program (reduction in asset purchases) beforehand.
Advertisement
Full report below.
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Advertisement