Recent GDP growth of 2.1% is being distorted by import revisions, which the article says are masking underlying economic weakness. Consumer spending has slowed to a four-year low, while CEO and consumer confidence are both deteriorating. The message is broadly negative for growth-sensitive assets and points to a softer economic backdrop.
Recent GDP growth of 2.1% is being distorted by import revisions, which the article says are masking underlying economic weakness. Consumer spending has slowed to a four-year low, while CEO and consumer confidence are both deteriorating. The message is broadly negative for growth-sensitive assets and points to a softer economic backdrop.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.45
