Economic Overview: Second Quarter 2015

U.S. economic growth was very sluggish in the first quarter, contradicting 0.2%. Despite the setback, we feel that growth in America will pick up steam and average about 3% for each of the remaining three quarters of the year. This means 2015 growth should come in at about 2.3%-2.4% for the full year, better than most advanced economies. Japan, for example, is expected to grow at less than 1% and Europe at about 1.5%. China’s growth will likely fall below 7% for 2015.

On a worldwide basis, economic growth is expected to be about 3.3% this year. Actual global GDP growth results for the past couple of years and estimates for 2015 and 2016 are shown below:

Other articles that appeared in the Second Quarter issue of Your Family CFO Report includes Market Overview and Asset Class Summary. Please call us anytime with questions at 404-874-6244 and feel free to pass our message along to friends.

All references in this publication referring to our average allocation or “typical portfolios” reflect those of the fully discretionary accounts of clients with moderate risk profiles. Actual client portfolios are tailored to individual client circumstances and asset allocations may vary.  Any reference to returns reflect the performance of asset classes, are for illustration purposes only, and do not reflect the returns of any specific investment of Smith & Howard Wealth Management. No representation is made that any investment decisions discussed herein have been profitable in the past or will be in the future. Past performance is no guarantee of future results. A list of all recommended investments is available upon request.