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26th Apr 2023 14:19U.S., Daily Monitor

  • The economy likely expanded at a 1.4% annualized rate in Q1, but Q2 will be very different...
  • ...Falling capex, softer consumption and a continuing inventory correction will trigger a decline in GDP.
  • Core capital goods orders are rolling over; the business investment component of GDP will follow.

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Keywords for: 27 Apr 2023 US Monitor

business investment, capital goods, consumption, economy, gdp, inventory correction, orders, q2, us, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence