While the US economy registered strong growth of 4.1%5 in the second quarter of 2018, buoyed by fiscal stimulus and a continued strong performance of the labour market, activity in the eurozone and Japan failed to return to the surprisingly strong pace seen late last year, despite the rebound from a poor, weather-affected first quarter.
The corporate and household sectors will plan their activities and put them into action in the form of production, investment, and consumption, taking into account the fiscal 1997 budget and the actual placement of public work orders.