Scoreboard: Good growth, big falls

Strong US growth failed to impress investors, while the ECB delivered an unexpected rate cut, making for confusing moves on the markets.

US growth was quite a bit stronger than forecast, coming in at 2.8 per cent for the third quarter when 2 per cent was expected. This is good growth, above the 2.5 per cent that we saw in the second quarter and nearly half a percentage point above trend. Predictably nearly all the commentary I’ve read on the figure has been negative, but luckily, that’s as wrong now as it has been in the past.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles