The upcoming release of the US Gross Domestic Product (GDP) report may indicate a boost to the economy, but it’s not due to an improvement in the nation’s economic performance. Instead, analysts are watching for signs of a swing in trade deficits and ongoing trade talks that could impact GDP growth.
On Wednesday, investors will be keenly awaiting the release of the second-quarter GDP report, which serves as the official scorecard for the economy. Despite concerns about the economy’s long-term health, market expectations point to a surge in GDP growth, driven by fluctuations in trade balances and the ongoing trade negotiations with other nations.
Source: https://www.marketwatch.com/story/gdp-is-ready-to-pop-but-not-because-the-u-s-economy-is-popping-c40cfcf3