Consumers are leading the US' economic charge

Despite a softer finish to the year, the US economic outlook remains bright, with the stronger dollar continuing to support robust household consumption and growth.

Economic conditions in the United States remain bright despite finishing the year on a weaker than expected note. In the near term, a stronger US dollar and lower oil prices will support the US household sector, which will be music to the ears of the global economy.

In the United States, real GDP rose by 0.7 per cent in the December quarter, missing market expectations, to be 2.5 per cent higher over the year. This follows growth of 1.2 per cent during the September quarter.

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