We reckon that, on a quarterly basis, GDP growth is peaking around now. We don’t expect the quarterly track to drop much, if at all, but we don’t think it’s going to pick up a head of steam either. If we are right then it might be apt to question whether inflation and, in turn, interest rates will undergo any upward pressure in the foreseeable future especially given that there doesn’t appear to be any currently.
Read the full report: Economic Research