U.S. GDP Didn’t Validate Fears of Downside Risks: Invesco’s de Longis

The video discusses the US economy, highlighting the strong consumer confidence and its significant role in economic growth. Despite trade wars, the consumer sector remains robust, with GDP growth slightly below potential. Inflationary pressures are minimal, maintaining a stable policy environment. The report alleviates fears of downside risks, emphasizing the importance of forward-looking analysis for financial markets.

What percentage of the US economy is made up by consumer spending?

• 60%

• 50%

• 80%

• 70%

How did the recent economic data compare to expectations?

• It was below expectations

• It was in line with expectations

• It was surprising to the upside

• It was surprising to the downside

What is the potential growth rate of the US economy mentioned in the video?

• 2.2%

• 1.9%

• 2.5%

• 2.0%

What is the current state of consumer and small business confidence?

• At the highest levels in over a decade

• At moderate levels

• At the lowest levels in a decade

• Declining steadily

What does the report suggest about inflationary pressures?

• They are increasing rapidly

• They are decreasing

• They are nonexistent

• They are fluctuating