23 February 2026 US Monitor Underlying growth strong in Q4, but likely to underwhelm from here
19th Feb 2026 18:46USWeekly Monitor
- Headline GDP growth in Q4 was depressed by the federal shutdown; underlying growth was robust.
- Consumers, however, will slow down this year and non-AI capex will remain weak.
- The effective tariff rate will be slightly lower under the new tariffs, but the inflation outlook is little changed.
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