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24th Jul 2025 17:54USWeekly Monitor

  • We think headline GDP leapt by around 3% in Q2 overall, but underlying growth was much weaker…
  • …Look for a tepid 1½% gain consumers’ spending and a drop of about 2½% in fixed investment…
  • …But measurement issues likely meant a huge contribution from net trade was only partly offset elsewhere.

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Keywords for: 28 July 2025 US Monitor

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