US: Economy on track to grow about 2.8% in 2018 - NBF

A good start to the year puts the U.S. economy firmly on track to grow about 2.8% in 2018, the best performance in years, according to analysts at NBF.

Key Quotes

“Solid fundamentals suggests an acceleration of growth after Q1. A strong labour market, federal personal tax cuts, low interest rates, and easy access to credit are all positive for consumers. Solid profits, made even healthier by corporate tax cuts, will continue to lift business investment. But protectionist policies threaten to disrupt an otherwise promising economic outlook.”