ECONOMICS COMMENTARY
Feb 20, 2014
Week Ahead Economic Overview [24-28 Feb]: Clues sought for US economy's resilience
Deflation in the Eurozone, the pace of economic growth in the US after severe weather hit the country and 'Abenomics' are all key themes for next week. Gross domestic product for the US may be revised down slightly after initial data showed the economy grew a peer-beating 0.8% in the final three months of the year, but more important is to ascertain if the recent run of weak data for January have been a temporary symptom of unusually severe winter weather or the start of a more worrying slowdown. The Fed is clearly keen to pursue its taper policy but any ongoing softness of data in February could cause a rethink.
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