Pantheon Macroeconomics

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26th Sep 2024 17:56USWeekly Monitor

  • The latest batch of data for August have led us to lift our forecast for Q3 GDP growth to 2.5%, from 2.0%.
  • Households’ saving rate has been revised up sharply, but the stock of liquid assets still looks low.
  • Further labor market weakening will depress income growth and prompt many households to save more.

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Keywords for: 30 September 2024 US Monitor

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