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LAST UPDATE:2/20/2020
CQM 20200221 CQM 20200221

Inflation is gradually returning to central bank’s 2% target. CQM forecasts illustrate the downward trends in real GDP on both the expenditure and income sides since January 24. PCA forecast also shows a decreasing trend in real GDP since January 17. Not only real GDP but also real aggregated indexes show the recent economic slowdown. According to the above graphs the U.S. economy has already slowed down even before the outbreak of the coronavirus. If the effects of the coronavirus on the economy begin to emerge, the US economy will slow down even further.


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