Andre, all true. And we have yet to see impact of tariffs and the uncertainty around it. On the glass is half full side consumer confidence is actually rising (surprisingly). And seems more likely now given the hard data on the economy that the Fed will cut rates, perhaps even 50bp in Sept. As always my crystal ball remains cloudy
Excellent article whether you agree with one argument or the other. In my opinion, this is what good journalism represents. Present alternative explanations rather than one biased one.
Andre, all true. And we have yet to see impact of tariffs and the uncertainty around it. On the glass is half full side consumer confidence is actually rising (surprisingly). And seems more likely now given the hard data on the economy that the Fed will cut rates, perhaps even 50bp in Sept. As always my crystal ball remains cloudy
Excellent article whether you agree with one argument or the other. In my opinion, this is what good journalism represents. Present alternative explanations rather than one biased one.
Let’s hope this analysis ages well and that the subsequent second and third GDP estimates are not revised materially downward.
Growth slowed down in H1 2025 to 1.2 percent, consumer spending and final domestic demand is decelerating at a rapid pace.