Description

North American growth continued to accelerate in Q3 2014 following the strong Q2 performance. The energy sector boom, resulting in low fuel-prices and strong public-sector spending—despite modest consumer spending growth, supported strong economic expansion of the region in Q3 2014. The rise in real wages and dwindling unemployment will keep consumer sentiments positive in the last 3 months of 2014. On the downside, strong currency values and weak global economic-growth may result in low external-demand growth.