There is sufficient strength in the economy to take growth to at least five percent this year.

These indicators tend to have a lead-lag of three to six months. We still may have sufficient strength in exports in the first quarter and even into the second.

It should not be introduced at high levels, where it will shock the economy. Instead, the GST should be gradually eased in and the list of taxable goods expanded over time.

Inflation is still a real and present threat to the economy.

This survey suggests that despite the continued resilience and relative strength of the U.S. economy, many parts of the globe remain mired in significant recessions,

Employment growth will keep the economy going and the bond market will be susceptible to the strength of the data that will push the Fed to hike rates again. We expect yields to rise.