Amid talks of slowing global growth, the US economy recorded another strong quarter in Q1 2019 in one of the last stages of the current business cycle, backed by strong consumption and both direct and portfolio investments.
Retail sales and consumer sentiment, the main drivers of the US economy, showed continued strength.
The existing growth rate differential with the rest of the developed world led to investors once again pumping billions of dollars in US debt and equity, leaving little doubt in the economy’s ability to service its growing private and public debt.
Over the coming months growth and economic activity is expected to stabilize at more modest levels.
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