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Weekly Economic Perspectives

This Level of US Goods Consumption Is Not Sustainable

Chief Economist
Investment Strategist

The Economy

  • US first-quarter GDP data hints at challenges ahead.
  • Canada’s GDP rose in February.
  • German growth disappoints, Italy surprises positively.
  • The BoJ maintains policy, features upbeat guidance.
  • Australian inflation eases but underlying details were robust.

Spotlight On Next Week

  • The Fed shouldn’t hike anymore, but most likely will.
  • The ECB should hike again, and will.
  • The RBA may surprise with a 25 bps hike.

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