Keeping the dream alive
NAB Morning Call
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US Economic Downturn Analysis
This chapter discusses the recent downturn in the U.S. economy, highlighting a significant decline in GDP forecasts and changes in consumer spending behaviors, particularly in vehicle purchases. The implications of increased trade deficits and the effects of tariffs on consumption patterns are explored, while concerns about recession risks and government policies are raised. The speakers also examine the Federal Reserve's potential responses and the uncertainty surrounding tariffs with Canada and Mexico, shedding light on the evolving economic landscape.
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