Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
International

US GDP growth decelerates in Q1

12 May 2017 - by Staff reporter
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

America’s economy grew by just 0.7% in Q1 2017 compared to 2.1% in Q4 2016, according to credit insurer Coface.

“This was below consensus expectations of 1.0% to 1.2% and was the weakest performance since 2014,” a spokesman said. “The deceleration in real GDP during the first quarter was mainly due to the slowdown in private consumption, which accounts for around 70% of GDP.”

Coface believes these GDP results will make it tougher for the Trump administration to respect its promises of a higher level of expansion in 2017. “The disappointing figures suggest that despite the increase in short-term confidence indicators for households and businesses, this has not, as yet, been able to strengthen economic activity. These preliminary results confirm Coface's forecasts for weaker-than-expected growth for the US economy.”

The positive impact of tax reforms on GDP growth remain unclear and are not expected to be seen in 2017, says the spokesman.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

OPINION: South Africa needs agricultural export diversification

Freight & Trading Weekly
Imports and Exports

Our farmers now produce double what they produced in 1994. And of that double, 50% is exported.

29 May 2025
0 Comments

Port of Lüderitz's infrastructure under significant strain

Africa
Sea Freight

It comes at a time of increased volumes of oil and gas cargo, as well as bulk and infrastructure project cargoes.

28 May 2025
0 Comments

West Africa marks historic ULCV milestone

Imports and Exports
Logistics

The Port of Lomé has undergone a decade of rapid transformation to reach this point.

28 May 2025
0 Comments

China Airlines rolls out wider digital integration

Air Freight
Logistics
Technology

WebCarg is linked to 7LFreight’s rate management system for dynamic pricing and instant bookings.

28 May 2025
0 Comments

Police seize counterfeit goods worth R400m

Crime
Imports and Exports
Logistics

A raid of a freight warehouse in Durban led to the recovery of branded clothing and kitchenware.

28 May 2025
0 Comments

Looming food security crisis over SA’s Brazil poultry ban

Imports and Exports

Meat importers warn that the local industry will not be able to plug the gap left by the ban.

28 May 2025
0 Comments

Institute conference set to focus on regional connectivity

Events
Logistics

The event brings together transport and logistics professionals from across the continent.

28 May 2025
0 Comments

Punishing duties backfire on US economy

Economy
Imports and Exports

“South Africa must follow its own fiscal policies rather than the US Federal Reserve.” – Ricardo Smith, Absa chief investment officer.

28 May 2025
0 Comments

RFA warns of imminent B-BBEE codes risk

Logistics
Road/Rail Freight

The association plans to meet with the transport minister to discuss how the codes will hurt the industry.

27 May 2025
0 Comments

OBITUARY: Trade giant Pat Corbin passes on

Logistics
People
Trade/Investment

Over the years, Corbin was intrinsically involved in international trade, finance and logistics.

27 May 2025
0 Comments

South Africa cements position as leading apple exporter

Imports and Exports

South Africa is growing its lead over rival Chile since surpassing it in 2023.

27 May 2025
0 Comments

DRC-Walvis Bay trade route in development

Road/Rail Freight

The new corridor will be 235km shorter than the current Walvis Bay-Ndola-Lubumbashi corridor and up to seven days faster.

27 May 2025
0 Comments
  • More

FeatureClick to view

Airfreight 30 May 2025

Border Beat

Cross-border payments remain a hurdle – Masondo
30 May 2025
BMA steps in to help DG and FMCG cargo at Groblersbrug
21 May 2025
The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
More

Featured Jobs

New

Credit Controller (DBN)

Tiger Recruitment
Durban
02 Jun
New

Transport Operations Manager

Lee Botti & Associates
Upper Highway
02 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us