The US economy grew at a 1.65% pace in the first half of the year and, according to Bloomberg Brief's chief economist Jo Brusuelas [2], is now tracking at a 1.5% pace of growth. The IMF's dour outlook for the world's economy has been shoulder-shrugged by many but in this compendium of everything you need to know about the US economic outlook but were afraid to ask, Brusuelas provides the facts and nothing but the facts. From slack in the labor markets, to a slowdown in investment and soft household spending, even the Fed's unprecedented QEternity is unlikely to grab us back from the edge of a malaise-like sub-2% consensus forecast for Q4.
Bloomberg Consensus: Survey Of Forecasters (seems a little aggressive to us)...
[3]
Labor Market Slack... (divergent)
[4]
Policy Uncertainty... high!
[5]
Slower Manufacturing Growth... (accelerating lower...)
[6]
and Capex Plunges...
[7]
Full Presentation below:
Source: BloombergBriefs [9]