When to call? – Amex Industrial Services
The Amex trade group is predicting a stronger U.S. dollar and more consumer spending.
But that could mean higher costs for American consumers, and a slower pace of growth.
“The U.K. has had a strong year for consumers,” Amex President and CEO Mark Mulligan said at a company event in Toronto Monday.
“We expect the U.k. economy to expand in 2016 and 2017, but it will take time.”
He said the U-K.
economy grew at an annualized rate of 2.4 per cent in the first quarter of this year, a pace that’s the slowest pace of the last decade.
“It’s also one of the slowgest in the developed world,” Mulligan added.
is in a different situation, he said.
The country grew at a 2.5 per cent annualized pace in the second quarter of 2015, a figure that compares with 3.1 per cent for the United Kingdom.
Mulligan said that’s because the U