USA GDP (QoQ) For Q2 2.1% Vs 2.4% Est.; 2.0% Prior
Portfolio Pulse from Happy Mohamed
The USA GDP for Q2 has been reported at 2.1%, which is lower than the estimated 2.4%, but higher than the prior 2.0%.
August 30, 2023 | 12:31 pm
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NEGATIVE IMPACT
The lower than expected GDP growth could potentially impact the overall market, as represented by SPY.
The GDP growth rate is a major indicator of the economic health of a country. A lower than expected growth rate could indicate a slowing economy, which could negatively impact the overall market, as represented by SPY.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75