020 7898 0500Figures published last week showed a slowdown in growth in the US, thought to be primarily because of a near-stagflation in consumption. The American economy showed that GDP rose by an annualised rate of just 0.7% in the first three months of 2017.
Ultimately, the first growth figures of the Trump presidency are disappointing, although the President cannot take all of the blame. When compared to the final quarter of 2016, which grew at an annualised pace of 2.1%, the slowdown is considerable.
However, the markets aren’t panicking too much, as analysts believe that the slowdown is temporary will recover this quarter.
