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22nd Jul 2024 16:42USDaily Monitor

  • Q2 GDP likely rose at a faster rate than in Q1 but well below the rapid growth seen in 2023.
  • A further slowdown lies ahead, as high interest rates bite harder and the personal saving rate normalizes.
  • The earlier release of advance trade and inventories data should make GDP forecasts more accurate.

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Keywords for: 24 July 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence