CH Investment & Economic Strategy Lunch 2023

Temporary support for growth #3: unusual consumer behaviour

LEADING INDICATORS & REAL GDP GROWTH

10

20

REAL GDP (LHS)

8

15

6

10

4

5

2

0

0

-5

-2

-10

LEADING INDEX*

-4

-15

* CONFERENCE BOARD LEI, LEADING BY 3M.

-6

-20

60 65 70 75 80 85 90 95 00 05 10 15 20 25

1

Sources: BEA, Conference Board, NBER

30

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