Forecasts of recession seem to be flowing from all corners these days, but this week’s initial estimate of economic activity for the first quarter (Apr. 27) is expected to show that growth prevails.  

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* GOP works to secure support for this week’s vote on debt ceiling package
* Commercial property faces harsh climate amid rising rates and remote work
* Deflation risk is rising in China
* Chile set to nationalize its lithium industry, which controls 30% of global supply
* First Republic, a troubled regional bank, says deposits fell 41% in Q1
* “Crypto is dead in America,” predicts longtime bitcoin bull
* Texas factory activity is flat in April after modest growth in March
* US economic activity was below trend in March, but recession risk is still low:

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