An American flag hangs on the front of the New York Stock Exchange in February 2017. Photo: AP
David Kelly
Opinion

Opinion

Macroscope by David Kelly

The US leads the economic pack – here are three reasons why it won’t last

David Kelly says the US has outperformed Europe and Japan in the first quarter and probably will again in the second, but its fading fiscal stimulus, monetary tightening and dwindling labour supply mean a contraction is coming

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An American flag hangs on the front of the New York Stock Exchange in February 2017. Photo: AP
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