From Investing.com: 2024-04-05 08:01:00

US economic output is expected to show a 2.0% increase in the first quarter, a moderation from the previous quarter’s 3.4% growth. Despite the slowdown, experts like Chris Williamson and JP Morgan see low recession risk for 2024, with optimism from Goldman Sachs Chief Economist Jan Hatzius for strong growth around 3% this year. The upcoming Q1 GDP report is seen as a stabilization of the economy at a sustainable pace, supported by recent PMI survey data showing growth in both manufacturing and services sectors. Meredith Whitney also anticipates continued growth through the end of the year.



Read more at Investing.com: Q1 GDP Growth Slowdown May Persist But Recession Highly Unlikely in 2024