Global Composite PMI Growth Implies US GDP Pick Up

Global Composite PMI Growth points to strong US GDP numbers

While some economists are speculating that Donald Trump’s lack of action on key issues such as tax and health care reform will stall US economic growth, analysts at Deutsche Bank believe these concerns are unfounded.

In a research note sent to clients at the end of last month, the German investment bank’s Global Asset Allocation Strategy team headed by Binky Chadha presents the four reasons why they believe US growth will tick up from current levels despite the aforementioned headwinds.

Global Composite PMI Growth and what it means for US GDP

First off, the team believes that second quarter growth figures will be boosted by “lingering issues with seasonal adjustment,” which...