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1.Market Observations, 8.Was Sticky

1 May 2017 (AFR) – Troubles for Trump as US consumers lose their mojo

(1 May 2017, AFR, p28, by Karen Maley)

‘Donald Trump has conceded that being president of the United States is a harder job than he thought it would be. He’s about to find out that boosting US economic growth is even harder. Official figures released on Friday showed the US economy stumbled in the first three months of the year, dragged down by the slowest growth in household spending since late 2009, when the US economy was just clawing its way out of recession. Gross domestic product grew at an annual clip of only 0.7 per cent in the first quarter, the slowest growth rate in three years.and a sharp slide from 2.1 per cent in the final three months of 2016.’

Read more at (might need AFR login access, or try:


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