February 2020: Economies at a glance

United States:There are signs of the economy tracking in a late cycle phase, with 2020 growth likely to print below trend. Previous monetary easing and only a limited fallout from the virus outbreak should prevent a hard landing. While services and consumer spending have remained resilient, rising wage growth has curbed corporate profitability. A pullback in hiring in 2020 and a rolling over in wage growth could soften consumption. In…