US economy expected to see modest growth in Q2, but uncertainties and risks remain

From Investing.com: 2024-05-22 07:38:00

US economic activity is expected to increase modestly in the second quarter, with a 1.9% rise projected, slightly higher than Q1’s increase. Despite some positive early signs, there are still uncertainties and risks, including negative sentiment among Americans. Consumer sentiment weakened in May, with concerns about inflation, unemployment, and interest rates. The economy may be stabilizing, but a slowdown in labor market growth is a worrying sign for the second half of 2024. Some economists see a high risk of recession later this year, but real-time data remains positive, highlighting the uncertainty of economic forecasts.



Read more at Investing.com: Economy Still on Track for Modest Pickup in Growth for Q2