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Ed Bowsher

US GDP growth slower than forecast in fourth quarter

Ed Bowsher
Original Broadcast:

Share Radio Afternoon

US GDP growth slower than forecast in fourth quarter
The fourth quarter US GDP figures have been released, which tell us how the US economy is performing. Figures came out at 1.9% annualised rate in the final three months of 2016, weaker than the rate that economists forecasted. Wall Street had expected the world’s biggest developed market to expand at a 2.2% pace, compared with 3.5% in the third quarter. Michael Hewson, Chief Market Analyst at CMC Markets, joined Share Radio's Ed Bowsher for his immediate reaction.

Guest: Michael Hewson