The median estimate for a set of projections compiled by CapitalSpectator.com indicates output rising 1.9% in Q2. If accurate, growth will strengthen, albeit modestly, relative to Q1’s sluggish 1.3% rise.Some economists advise that consumers have turned cautious on spending, which may be a warning sign for the economy.
“We’ve got to keep the consumer in the game in the U.S. economy, because they’re such a big part of it,” Moynihan tells CNBC. “They’re getting a little more tenuous, and that is due to everything going on around them.” On the other hand, the current nowcast suggests that while growth isn’t taking off again, the path ahead still appears set to deliver a modest if unimpressive improvement vs. Q1.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.