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25min chapter
Slowing But Growing: Why The U.S. Isn’t Headed For Recession | Prometheus Research
Forward Guidance
GDP Insights: Growth and Misconceptions
This chapter presents a sophisticated GDP nowcast model and discusses the implications of GDP components on the economy, focusing on consumption and trade. It critiques common misconceptions about GDP as merely a lagging indicator and emphasizes current economic trends despite challenges in investment and consumption. The analysis reveals resilience in GDP metrics and examines the struggles of the manufacturing sector amidst a stable service sector backdrop.
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