Weekly Economic Briefings > Us Weekly Economic Briefing

Consumer spending looks to be on a stronger footing in Q2, bolstered by firmer wage growth. We expect stronger consumer outlays will support a real GDP growth rebound in Q2 after a sluggish Q1. On the credit front, credit supply has tightened for businesses, a headwind for the capital expenditures outlook, but it remains readily available to households. The yield curve meanwhile is looking increasingly flat, but that does not mean a recession is looming.