3i Group plc
Written by Head of Research & Portfolio Manager, Jamie Murray, CFA.
Written by Head of Research & Portfolio Manager, Jamie Murray, CFA.
Written by Head of Research, Jamie Murray, CFA
The Recession That Wasn’t There.
Any slowdown in the U.S. economy from higher interest rates appears to be fading. Gross Domestic Product (GDP) for the fourth quarter of 2023 grew at a 3.3% pace, according to U.S. Commerce Department data released in late January. As well, real time measures of GDP indicate that this trend is continuing in Q1/24, with the Atlanta Fed GDPNow tracker indicating a 3.4% expansion based on January data releases. This pace is well above Wall Street economists’ models, as can be seen in Figure 1. We believe there are several reasons for the strength, starting with a rebounding technology sector, a resilient U.S. housing market and declining inflation.
Written by The Murray Wealth Group
As we begin 2024, it’s prime time to strategize and ensure you’re making the most of available tax-saving opportunities. Read
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