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FedEx trims 2015 US growth forecast

FedEx is a barometer for the economy

The company was out with earnings. They're not as good of a barometer of business because internet commerce as a secular phenomenon will drive their growth despite a lackluster economy but their forecasts are still interesting.

  • See 2015 at 2.4% vs 2.5% previously
  • See 2016 growth at 2.6%, led by consumer spending
  • See 2015 industrial production +1.5%
  • See 2016 industrial production +1.9%
  • Leaves global growth forecasts unchanged at 2.5% this year and 2.8% in 2016
  • Continues to see moderate growth in US economy

The FedEx forecasts are more rosy than the Fed forecasts released today .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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