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Lots of economic news this week, that was surprisingly good.
This week’s data was for export and import prices, both of which moved by more than the model forecast. The final result was a small rise in GDP as the impact on exports was greater than the impact on imports.
Forecasts are dropping a bit. The Nowcastmodel now predicts GDP growth of just 2.0% (down from 2.8% last week). The main change was in inventory valuations. While manufacturing inventories for January came in close to the forecast of no cha...
Last week saw several major releases. The net result was a hefty increase in the forecast, but also signs of trouble ahead.
Other publications recommended by the authors of this newsletter.
The writers behind this newsletter.
Economist and forecaster. My first job was in a country with an inflation rate of 130%.
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