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17th Jul 2023 09:36U.S., Daily Monitor

  • June retail sales are unlikely to change our forecast of a sharp slowing in Q2 real consumption growth.
  • The resumption of student loan repayments from September will deal an additional blow in Q3 and Q4.
  • The recent jump in auto production looks unsustainable; a reversal in the months ahead seems likely.

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Keywords for: 18 July 2023 US Monitor

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