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LAST UPDATE:9/30/2023
CQM 20230929 CQM 20230929

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%.

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