29.04.2015 - US GDP grew by 0.2%
Today have been published data on the growth of US GDP in the first quarter of 2015. Indicator disappointed investors and totaled only 0.2%, against expected growth of 1.0% compared to the previous quarter. It is worth recalling that the economy in the 4th quarter showed an increase of 2.2%. The reasons for the deterioration in performance was the reduction of investment, decline in exports due to the strong dollar and the slowdown in consumer spending to 1.9% against 4.4% in the previous quarter. Exports fell by 7.2%, while imports rose 1.8%. This fact has led to the weakening of the US dollar against the euro. Despite this, we expect the activation of growth in the second quarter and the resumption of the downward movement of the euro.