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US soft patch - Implications for asset allocation

English -

10 Jun 2024

After a robust performance in H2 2023 (4.1% average GDP growth), the US economy has clearly been losing momentum in H1, as reflected in the publication in recent weeks of a series of weak indicators below expectations (consumer spending, consumer and business confidence, etc.). This suggests that GDP growth should be closer to 1.5% than to 2.5% at an annual rate.
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