Final 2023Q2 GDP presents results from the comprehensive update of NIPAs. The reference year for chain-type quantity and the price indexes and for the chain-dollar estimates is updated to 2017 from 2012. We can confirm from the differences of CQM forecasts between this week and the previous week as follow:　1: Economic growth is slowing down.　2: Inflation is increasing.　3: Recession risk remains in 2023Q4 on the expenditure side. PCA revised GDP price deflator from 4.05% to 2.49% in 2023Q3, close to the CQM forecast of 2.31%.