Economists lift US growth forecasts even as pace set to cool ...Qatar

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Economists lift US growth forecasts even as pace set to cool
The US economy is entering a new phase. Fuelled by widespread vaccinations, government stimulus and the lifting of most Covid-19 restrictions, the economy likely expanded in the second quarter at one of the fastest paces in decades. But at some point, gross domestic product growth has to come off the boil and return to a more sustainable pace. Investors have sobered up to this idea of “peak growth” that’s seen reducing the odds of a more enduring outbreak of inflation. The yield on the 10-year Treasury note dropped this week below 1.3% for the first time since February. Still, economists expect the pace of growth, while slower, will be extremely strong through year-end. In Bloomberg’s lates

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