US Economy likely rebounded in Q3 still seen a mild recession next year – Wells Fargo Unitedstates - Macroeconomics HEAD TOPICS
US Economy likely rebounded in Q3 still seen a mild recession next year – Wells Fargo
10/21/2022 6:50:00 PM US Economy likely rebounded in Q3 still seen a mild recession next year – Wells Fargo – by @MSalordFX #UnitedStates #Macroeconomics #GDP #Banks
Unitedstates Macroeconomics
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US Economy likely rebounded in Q3 still seen a mild recession next year – Wells Fargo – by MSalordFX UnitedStates Macroeconomics GDP Banks Next week, on Thursday the first estimate of US Q3 GDP growth data will be released. Analysts at Wells Fargo forecast the economy expected at an annua Key Quotes: “After two consecutive quarters of negative growth, we forecast the U.S. economy expanded at an annualized rate of 2.8% in the third quarter.”“We anticipate underlying demand measures remained solid, and we have bumped up our forecast for real personal consumption expenditures (PCE) on the recent retail sales data for September. We now look for real PCE to rise at a 0.8% annualized pace in Q3 (+0.6% previously). Higher consumption suggests modestly more import growth as well, though net exports still look to provide a considerable boost of over three percentage points to the headline GDP figure as import growth still broadly reversed during the quarter.” Read more:
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Higher consumption suggests modestly more import growth as well, though net exports still look to provide a considerable boost of over three percentage points to the headline GDP figure as import growth still broadly reversed during the quarter.” “We still anticipate a mild recession to take place next year.m.m. But as we detail in our latest monthly report, recent momentum makes the start of recession by the beginning of the year less likely. We now see a downturn happening a bit later, beginning in the second quarter rather than the first. The debates will also air on Alaska Public Media — KSKA — and the Alaska Public Radio Network.” Information on these pages contains forward-looking statements that involve risks and uncertainties. The debates will be streamed online on Alaska Public Media’s. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. 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