Thought of the Week
Next week, the Bureau of Economic Analysis will publish a preliminary forecast of third-quarter U.S. GDP, which is estimated to show an encouraging bounceback of 3 - 4% growth. However, it's important to realize that we're not alone in the recovery. This week's chart shows that China (as well as the Asia region as a whole) has already experienced its bounceback in growth, which is now returning to more normal levels. While the global rebound will not be perfectly in sync, global growth as a whole seems to be finally picking up, which should prove to be both a boost for U.S. expansion via increased exports as well as a significant tailwind for international stocks in coming years.
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