It’s Europe With The Recession Risk, Not The US
(2 min read)
Despite all the talk of an imminent US recession, most estimates suggest US growth is comfortably in the 2% zone. Nowcast estimates have Q3 GDP growth ranging from 1.8% to 2.6%, and the consensus forecast has it at 1.8% (see table). This follows the 2.1% print for Q2. On top of that, growth data surprises have been turning up for the US (second chart)...
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