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U.S. GDP growth continues to surprise to the upside, but classic signals of recession are pointing to a slowdown, if not an outright recession.
Following the second quarter’s 2.8% GDP expansion, economic signals have become more mixed as the labor market shows signs of softening. Several classic signs of recession point to a slowdown.
U.S. GDP growth surprised to the upside in Q2, with consumer spending, business investment and other outlays contributing. Meanwhile, the housing market continues to slow.
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