US economic output is widely expected to post substantially slower growth in the government’s preliminary estimate of third-quarter GDP that’s scheduled for release this Thursday (Oct. 29). Exactly how much deceleration we’ll see vs. Q2’s strong 3.9% rise (real seasonally adjusted annual rate) is a matter of some debate. Indeed, the projections vary from tepid expectations that border on stall-speed assumptions up to a moderate pace that’s still worrisome but strong enough to fend off the view that a new recession is near.
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