Pantheon Macroeconomics
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19th Aug 2022 09:15U.S., Daily Monitor
Net trade and inventories look set to drive up Q3 GDP growth; we tentatively look for about 5%.
Imports are falling as demand for inventories fades; retailers over-ordered and now have excess inventory.
New home sales likely fell again in July, and prices are now under severe pressure as supply mounts.
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