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7th Feb 2023 16:31U.S., Daily Monitor

  • Wholesalers now have too much inventory; the inevi- table correction will be a drag on H1 GDP growth.
  • The trade deficit has mean-reverted after wild swings; trade likely won’t support GDP growth in Q1.
  • Chainstore sales growth continues to slow, but should see a bounce from the drop in gas prices.

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Keywords for: 8 Feb 2023 US Monitor

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