Americas: Economic overview
Monetary tightening is set to continue in the United States even though the International Monetary Fund (IMF) has downgraded the country’s growth forecast.
The IMF now expects US GDP to grow by 2.1% on an annual basis in 2017, slightly less than its previous forecast of 2.3%. However, this will still be higher than the 1.6% growth seen in 2016 and will support the country’s industrial gas demand. GGA forecasts US industries will consume 223 billion cubic metres of gas in 2017 compared with 218.5 bcm in 2016.