Economy Grows but Inflation and Deficits Loom as Risks
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Economic growth accelerated in Q3 but was driven mainly by gov't spending; consumer spending and exports slowed.
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Inflation slowed in October which should help boost consumer spending.
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Lower interest rates possible if US Fed cuts rates which would encourage business investment.
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Proposed 2024 budget is higher but revenues may fall short and deficit could exceed target.
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Abundance of risks remain including high inflation, poor global growth, and revenue shortfalls.