【CBRE】Economic Watch: Q2 GDP Growth Exceeds Expectations

• U.S. GDP increased by 2.8% on an annualized basis in Q2 2024, well above market expectations of 2.1%.
• Stronger growth was accompanied by easing inflation, with the Core Personal Consumption Expenditures (PCE) Price Index (excluding food and energy prices) closing Q2 at 2.9% annualized vs. 3.7% in Q1.

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