Economic growth is expected to accelerate in this week’s initial estimate of fourth-quarter gross domestic product (GDP). The Bureau of Economic Analysis appears set to report a strong rebound in output for Q4 in Thursday’s release (Jan. 27). But the recovery will be short-lived, based on recent downgrades for the US outlook in early 2022.

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* US puts 8500 troops on alert for possible deployment to Eastern Europe
* Europe considers the risk of Russia cutting off gas supplies
* China breaches Taiwan airspace with dozens of warplanes
* Does China’s zero-Covid policy put it at disadvantage to the West
* Is the Fed’s current pivot to tighter policy too little too late?
* Chicago Fed Nat’l Activity Index: US growth slowed to 11-month low in December
* US economic growth slows to a crawl in January via PMI survey data: