NEW DELHI: The main focus of the US economy has shifted to the 2024 presidential election, as central banks are cutting rates and politicians are spending more, creating optimism for the election year.
According to a report by Saxo, an investment bank, on the Quarterly Outlook for Q2 2024 of the US economy, the economic data is strong in the first quarter but signs of weakness are emerging.
“US economic data has been strong in the first quarter, but signs of weakness are emerging, potentially marking a turning point for the US economy,” the report notes.
A recurring theme in the report is the significant impact of the 2024 US election on investor sentiment and market behaviour. The election is not only dominating headlines but also influencing financial strategies and economic forecasts.
The report points out that the US government’s substantial debt issuance since 2022, amounting to USD…
