Exploring the Factors Behind the Anticipated Weakness in U.S. Second-Quarter GDP Growth
Thursday, 4 July 2024, 11:01
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Factors Affecting U.S. Second-Quarter GDP Growth
In the upcoming quarter, the U.S. economy is facing challenges that are expected to impact its GDP growth.
Key Contributors to Weak Growth
- Declining consumer spending: The decreasing trend in consumer spending is anticipated to hinder economic growth.
- Sluggish business investments: Lackluster investments by businesses are likely to add to the GDP malaise.
While various factors are at play, the forthcoming quarter's GDP growth forecast remains subdued.
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