Quotes from Bank of Cyprus:
-The recent drop in energy prices translates to fewer dollars at the gas pump, therefore more money to go around in the US economy. This increase in disposable income will affect wage inflation and expectantly the excess cash will infiltrate the economy, in terms of consumer spending.
-With that said, the decline in oil prices is expected to contribute positively to the US GDP. Moreover, the increase in leading indicators such as ISM manufacturing PMI that its final sales of US made goods account for one-third of US-GDP are supportive to these argumentations.
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