About this work
US growth remained resilient even as tighter lending standards slowed the credit impulse in early 2024. Strong household spending and government expenditure helped explain the disconnect between weaker bank lending and continued GDP expansion. Signs of fading consumption momentum nevertheless raised questions about how long that support could last.
Abstract
US growth remained resilient even as tighter lending standards slowed the credit impulse in early 2024. Strong household spending and government expenditure helped explain the disconnect between weaker bank lending and continued GDP expansion. Signs of fading consumption momentum nevertheless raised questions about how long that support could last.
Cite this work
Jonathan Fortun (2024). Global Macro Views: The US Credit Impulse and Growth Disconnect. Institute of International Finance.