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US: Growth likely to slow to 2.1% this year – BNP Paribas

According to analysts at BNP Paribas, US growth is expected to slow to 2.1% this year, led by the trade war uncertainty.

Key Quotes

“Trade war uncertainty acts as a drag, the housing market is softening, corporate investment should slow, as well as exports in reaction to the past strengthening of the dollar against a broad range of currencies.”

“Core inflation remains well under control and has eased a bit.”

“Following the dovish message from the January FOMC meeting, markets are pricing in a policy easing in the course of 2020.”