SaxoTV

Koefoed: US economy now fully recovered

648 views
January 30, 2015 amc, gdbusd, gdp, gdp data, gdp estimate, gdp estimates, gdp forecasts, gdp growth, gdp growth europe, gdp upgrade, gdp us, gdpeur, gdpusd, gross domestic product, growth, growth figures, growth forecast, growth in europe, growth margin, growth slowdowgron, growth slowdown, growth targets, macro, macro economics, macro economy, macro economy us, macro econonomics, macro event, macro events, macro outlook, macro policy, macro strategy, macro uk, macro us, macro-economics, macroeconomic, macroeconomic data, macroeconomics, macros, mcaro, saxo tv, tradingfloor.com, us, us banks, us dollar, us dollar index, us economy, us fed, us federal reserve, us government, us growth, us jobs, us jobs data, us stocks, usa, usd, usd index, usd jpy, usdaud, usdcad, usdchf, usdeur, usdgbp, usdjpy
The latest economic data from the United States is, on the face of it, disappointing. Q4 2014 (quarter-on-quarter, annualised) GDP is 2.6%, versus 3% expected and 5% prior. 

Mads Koefoed, Head of Macro Strategy at Saxo Bank, talks us through the numbers and argues that, despite the latest figures, the US has now fully recovered from the banking crisis.     

How come? Mads points to the private consumption data: 4.3% vs. 4% expected and 3.2% prior and says this is the key figure and the main driver of growth going forward. 
 
Residential investment came out at 4.1%  and is also important for sustained growth.