AFMC - Will U.S. Economy Stabilize In Q2 2024 After 2 Quarterly Downshifts?

2024-05-04 07:20:00 ET

Summary

• Preliminary estimates of second quarter US GDP activity suggest output may stabilize after two straight quarters of slower growth, based on the median for a set of nowcasts compiled by CapitalSpectator.com.
• If Friday’s median Q2 nowcast is correct, the economy will post its first improvement over the previous quarter since the surge in output in 2023’s Q3.
• Some analysts warn that stagflation is a rising risk for the US.

Preliminary estimates of second quarter US GDP activity suggest output may stabilize after two straight quarters of slower growth, based on the median for a set of nowcasts compiled by CapitalSpectator.com. This estimate should be viewed cautiously this early in the current quarter, but for now, the current data suggest that economic activity may be set to normalize after post-pandemic volatility....

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