RIT Capital Partners published a half-year report for early 2016, in which Jacob Rothschild, the chairman of RIT and the head of the Rothschild household of England, explains his investment view for 2016.
The US Bureau of Economic Analysis published the GDP data for the second quarter of 2016, and the real GDP growth turned out to be 1.23% (year-on-year), slowing down from 1.57% in the previous quarter. The US economy has been significantly slowing down in 2016 as we predicted last year, when it was growing more than 2%.
- In 2016 US economy will slowdown: the Fed’s rate hikes, the strong dollar, energy prices and high wages (30 Dec 2015)
However, the published data this time suggests more detailed interpretation is necessary to predict the upcoming future of the US economy.