July 28, 2016

America’s Midsummer Dream

   July 28, 2016

America’s Midsummer Dream

US_GDP_Growth_Rate_Close_TMMChart.png

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Editor’s Remarks:

Today, the US will announce its Real GDP growth rate for the past quarter along with several other major nations this week. An expected rise from 1.1% to around 2.6% is expected similar to last summer from a rise in retail sales give growth a boost. Although businesses have seen a poor 2016, the mood should be buoyed from the combination of rising US GDP growth rate and the recent burst of acquisition deals announced this week. The EU and the UK are expecting slower growth later this week which is not surprising post-Brexit. American’s seem to be handling the political upheaval around the world slightly better than most.

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