HSBC analysts suggest that the delayed release of US Q4 GDP report is likely to show a weakening in domestic demand, with the numbers being delayed by one month due to the government shutdown.
Key Quotes
“Q4 GDP growth is expected to slow to 2.5% qoq annualised, down from the 3.4% increase in Q3, but a still healthy reading.”
“While personal consumption expenditures likely contributed solidly to GDP growth in Q4 (albeit weaker than in Q3), a further deceleration in business fixed investment growth could have weighed.”
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