Pantheon Macroeconomics

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14th Apr 2023 15:25U.S., Weekly Monitor

  • Real consumption likely rose at a 4.5% annualized rate in the first quarter, but it won’t last...
  • ...We expect real consumption to fall outright in Q2/ Q3, tipping the economy into recession.
  • Look for a small rebound in the Empire State index, but manufacturing will soon be hit by falling capex.

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Keywords for: 17 Apr 2023 US Monitor

consumption, economy, empire state, manufacturing, q1, real consumption, us, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence