Despite speak of a “growth scare,” the US economic system and markets may additionally be poised for steadier positive factors ahead. Lisa Shalett, Chief Investment Officer, Wealth Management at Morgan Stanley explains why buyers must no longer fear about slowing growth.
Economic boom is slowing however stays strong
“Recently, preliminary estimates for second-quarter gross home product (GDP) increase got here in at 6.5%. We forecast third-quarter annualized GDP boom at 6.1%, awaiting that supply-chain pressures will proceed to unravel and fiscal spending potentialities will flip up. Strong fundamentals additionally underpin this forecast: Recent statistics updates noticed US manufacturing pastime grow, housing fees rebound and long lasting items orders advance.”