Pantheon Macroeconomics

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8th Jun 2022 00:20U.S., Daily Monitor

The weakness of the Atlanta Fed’s GDPNow forecast for Q2 is concentrated in the net trade component...

...The model expects imports to remain hugely elevated, but that’s unlikely as inventory-building slows.

The modest downshift in consumer credit growth in April won’t last, given the continued rise in gas prices.

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Keywords for: Net Trade is the Biggest Upside Risk to Q2 GDP Growth

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