US: Growth likely to slow to 2.3% this year – BNP Paribas

According to analysts at BNP Paribas, US growth is expected to slow to 2.3% this year with trade war uncertainty acting as a drag in addition to the softening housing market, slowing corporate investment, as well as exports in reaction to the past strengthening of the dollar against a broad range of currencies.

Key Quotes

“Core inflation remains well under control and has eased a bit.”

“Following the dovish message from the January FOMC meeting, markets are pricing in a policy easing in the course of 2020.”