Consumer Spending Expected to Bolster Economic Growth for Second Half of 2016

Economic growth is expected to rebound in the second half of 2016 after a disappointing second quarter, keeping the full-year growth outlook at 1.8 percent, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group’s August 2016 Economic and Housing Outlook. However, continued momentum in consumer spending in the third quarter is crucial for driving growth as business investment is struggling. The stellar July jobs report suggests consumers may benefit from ne