US economic growth expected to slow in Q3, but recession risks are low

From Investing.com: 2024-08-13 07:39:00

Early assessments show a slowdown in US economic growth in Q3 compared to Q2, projected to increase at a 2.1% annualized pace. The Bureau of Economic Analysis will release the first Q3 data on Oct 30. However, it’s still early, and things could change. Today’s data challenges fears of an imminent recession. Bank of America predicts slow growth will persist for the next six quarters, potentially leading to economic conditions that feel like a mild downturn. Speculation remains challenging, but monitoring trends is vital for scenario analysis. The outlook for Q4 and beyond remains uncertain.



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