You are here

Big jump in US economy not likely

Pace of growth in 2017 will not be much faster than it was last year, or the year before that.

Despite the slight erosion in expectations recently, the job market has remained strong, pushing the unemployment rate down to 4.4 per cent last month.

New York

THE big economic bounce some specialists have confidently predicted for later in the year may turn out to be only a small bump.

It is not that the economy is weakening, or that a recession is in the offing. Rather it appears as if the pace of growth in 2017 will not be...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to