Flash: US GDP on growth path even if Fed tapers - NAB

FXstreet.com (Barcelona) - The US GDP growth looks likely to slow a little in the June quarter, says NAB Economist Antony Kelly, who sees the trend still as "one of modest growth."

Kelly speculates that even if the Fed were to reduce the size of asset purchases , "improving credit conditions and the housing recovery continue to support growth."

Kelly suspects that "as the impact of the tax increases and the automatic budget cuts fade we expect GDP growth will strengthen in the second half of the year." Thus, the Economist is forecasting GDP growth of 2.1% in 2013 and 2.9% in 2014.