Us Growth
US economy expands 2.4% in Q4 after upgrade; full year growth at 2.8%
The US economy expanded at a healthy annual 2.4 per cent pace the last three months of 2024, supported by a year-end surge in consumer spending, the government said Thursday in a slight upgrade of its previous estimate of fourth-quarter growth. But it's unclear whether the United States can sustain solid growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass deportations of immigrants working in the country illegally. The Commerce Department said that growth in gross domestic product the nation's output of goods and services decelerated from a 3.1 per cent pace in July-September 2024. For all of 2024, the economy the world's biggest grew 2.8 per cent.
 "US economy expands 2.4% in Q4 after upgrade; full year growth at 2.8%")
OECD warns of tariff drag on growth as Trump vows to press on with levies
Trump, speaking aboard Air Force One on route to Washington overnight, also repeated he had no plans to create exemptions for the 25 per cent steel and aluminum tariffs that went into effect last week
 "OECD warns of tariff drag on growth as Trump vows to press on with levies")
Job growth moderates in June; unemployment rises to 4.1%: US Labor dept
Nonfarm payrolls increased by 206,000 jobs last month, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday
 "Job growth moderates in June; unemployment rises to 4.1%: US Labor dept")
Considerable uncertainty persists in US economic outlook: Candace Browning
Browning elaborates on the implications of US growth for financial markets
 "Considerable uncertainty persists in US economic outlook: Candace Browning")
Q1 preview: US drug shortage, stable pricing set to boost pharma revenues
Hospitals are, however, likely to report lower occupancy rates, and diagnostics companies may witness an impact from delayed monsoon
 "Q1 preview: US drug shortage, stable pricing set to boost pharma revenues")
Goldman Sachs Group cuts US growth forecasts for 2021 and 2022
Goldman's team, led by Jan Hatzius, said in a report on Sunday that they now expect growth of 5.6% on an annual basis in 2021 versus their previous estimate of 5.7%, and 4% next year, down from 4.4%
 "Goldman Sachs Group cuts US growth forecasts for 2021 and 2022")
Back-to-back warnings from the most powerful central bankers
The tough post-crisis financial rules that the Trump administration blames for stifling US growth
 "Back-to-back warnings from the most powerful central bankers")
