All Posts Tagged: International Monetary Fund
The fall hurricanes continue to taint U.S. economic data for September, but there is growing confidence in our forecast for an economic rebound in the fourth quarter.
- Initial jobless claims have already returned to pre-hurricane levels in October, implying a strong rebound in payroll growth.
- The odds are rising that the economy will overshoot full employment in 2018.
- Consumer spending should rebound above a 3.0% annualized growth rate in the fourth quarter.
- For the first time in many forecasting cycles, the International Monetary Fund revised up its forecasts for global growth this week, to 3.6% for 2017 and 3.8% for 2018, instead of cutting them.
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