Defying Recent Recession Warnings, Growth Likely to Prevail In Q3

Market Overview Analysis by James Picerno covering: . Read James Picerno's latest article on Investing.com

The recent run of forecasts from some corners that a US recession is imminent, or possibly already underway, continues to look premature. Although it’s short-sighted to dismiss various risks that are lurking, which could imperil the expansion down the road, recent data continue to support the case that modest growth rolls on.

Recall that in late August, for example, a chorus of warnings arose that a recession had started, or appeared imminent. But as I Rather than cherry-picking one or two indicators, or making bold forecasts about what could happen in the months ahead, this weekly newsletter carefully analyzes business-cycle data from proprietary and external sources.As discussed in the current issue of the newsletter, there are hints that a modest firming of economic conditions may be unfolding. Meanwhile, the median Q3 GDP nowcast continues to estimate growth at 2%-plus.

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