Libro Blanco The Second Half Economic Outlook for Importers and Exporters

Despite the Federal Reserve raising interest rates at the fastest pace, the US economy is still doing well. US stocks are at record highs, and GDP growth is expected to be in the mid-to-high 3% range in the second quarter. Unemployment remains at historically low levels, below 4%, and consumption is robust. The US has been doing so well that there is even talk of American Exceptionalism.

Can the US economy continue to run at high interest rates? Can the warmth of the US economy proliferate to other parts of the world? This white paper analyzes the sustainability of American Exceptionalism and its potential to spread to other regions.