Daily Archives: May 3, 2024

Will US Economy Stabilize in Q2 After Two Quarterly Downshifts?

Preliminary estimates of second-quarter US GDP activity suggest output may stabilize after two straight quarters of slower growth, based on the median for a set of nowcasts compiled by CapitalSpectator.com. This estimate should be viewed cautiously this early in the current quarter, but for now the current data suggest that economic activity may be set to normalize after post-pandemic volatility.

Continue reading