Economic activity appears set to recover in this week’s initial estimate of first-quarter GDP, based on the median nowcast from several estimates compiled by CapitalSpectator.com.
But any celebration will be muted as the stalemate in the war between the US and Iran lingers, casting a shadow over the inflation and growth outlook for Q2 and beyond.
The path ahead is fraught due to the slow-moving but ongoing blowback from the Middle East turmoil, which has blocked energy exports from the Gulf.
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Economic activity appears set to recover in this week’s initial estimate of first-quarter GDP, based on the median nowcast from several estimates compiled by CapitalSpectator.com. But any celebration will be muted as the stalemate in the war
