China slows more, could the RBA minutes give the Aussie another hit?
NAB Morning Call
00:00
The US Economy Is Resilient and Robust
The economy, the level of growth was slowing pre-COVID. They weren't far off getting down to 5% were they in 2019? No, no. I mean, if you actually plot the GDP trend year and year over the last 10, 20 years, you can see it's a downward path. So sure, the labor market being fully employed is very much evident. And also with that appetite to consume, which is very characteristic of the US economy is verymuch evident.
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