The US economy grew faster than previously thought in the second quarter, expanding at an annualised rate of 3%, surpassing the initial estimate of 2.8%.
Despite concerns of a recession, economist Stephen Stanley believes the economy is far from a downturn, anticipating a solid third quarter supported primarily by consumer spending.
German inflation fell more than expected in August, dropping to 2%, the lowest since March 2021, potentially allowing the ECB to start reducing interest rates.
A sharp upward adjustment to real consumer spending growth from 2.2% to 2.9% has contributed to positive GDP revisions, despite some downward revisions in other sectors.
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