#gdp #useconomy #yahoofinance

The U.S. GDP's annual rate has been revised lower to 2.1 percent in the second quarter of 2023. Macquarie Group Head of Economics David Doyle joins Yahoo Finance Live to share his insights on the U.S. growth outlook, stating his lack of general concern tied to the revision. "But what I did find interesting is that we did get the first release of real gross domestic income which is an alternative way of measuring output... that came in at just half a percent," Doyle says. "[It] suggested that growth was a fair bit weaker, and that sort of continues a trend and divergence that's occurred over the last four quarters... it suggests to us that potentially the economy isn't as strong as the headline real GDP numbers are suggesting." Doyle forecasts certain "struggles ahead" for U.S. consumers, while also commenting on economic growth drivers and the likelihood of a recession.

Subscribe to Yahoo Finance: [ Ссылка ]

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: [ Ссылка ]

Connect with Yahoo Finance:
Get the latest news: [ Ссылка ]
Find Yahoo Finance on Facebook: [ Ссылка ]
Follow Yahoo Finance on Twitter: [ Ссылка ]
Follow Yahoo Finance on Instagram: [ Ссылка ]
Follow Yahoo Finance Premium on Twitter: [ Ссылка ]

свернуть