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5th Jul 2022 14:39U.S., Daily Monitor

Net foreign trade and inventories depressed GDP growth in H1, but will reverse, at least in part, in H2.

The case for a hefty rebound in headline Q2 GDP is quite strong, though final demand likely will slow.

Expect weaker JOLTS job openings and ISM services today, but supply constraints probably eased again.

core PPI deficit energy foreign trade gdp forecast headline growth imports inventories ism job openings July June May mining mortgage national accounts net foreign trade oil oil prices payroll ppi q2 q2 gdp q3 real estate russia savings stock prices supply chain trade trade deficit wage growth

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Keywords for: GDP Growth is Likely to Snap Back in Q3, Thanks to Trade and Inventories

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