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US: Economy likely to expand 2.9% this year – BNP Paribas

According to analysts at BNP Paribas, US economy is expected to expand at approximately 2.9% this year on the back of tax cuts, booming profits and credit.

Key Quotes

“Weaker international trade as well as tighter monetary and financial conditions promise a slowdown.”

“Inflation has passed its peak, as oil prices are now falling.”

“The monetary tightening is coming closer to its end. We forecast the Fed funds target rate to reach 3% in Q2 2019, the stalling.”

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