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17th Apr 2024 17:43US, Daily Monitor

  • We think GDP rose at a 2.6% quarter-on-quarter pace in Q1, powered primarily by consumers’ spending. 
  • Data released before the GDP estimate next Thursday, however, could shift our forecast materially.
  • Home sales likely still have further to fall in Q2, despite their big drop in March.

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Keywords for: 19 April 2024 US Monitor

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