<p>The U.S. Q2 GDP exceeded market expectations, with consumer spending as the main driver, supported by inventory replenishment, equipment investment, and government investment. The market expects the U.S. economic growth rate to reach 2.3% for the full year, with the second quarter being the peak of the year and domestic demand slowing down in the third and fourth quarters. Consumer spending is facing cyclical pressures, and private investment may reach its peak for the year</p>

- US Q2 GDP surpasses market expectations driven by strong consumer spending, easing concerns of economic recession. Despite assuming a soft landing, the US economy shows signs of cooling, with focus on risks like Trump's reelection and stagflation post-rate cuts. Market outlook for the US economy in H2 remains cautious, with attention on weakening consumer trends and potential impacts of financial market volatility and employment market softening.
- Q2 GDP growth primarily fueled by robust consumer spending, supported by non-residential investments and government spending. Private inventories and non-residential investments accelerate, while housing investments face interest rate challenges. Government expenditure acts as an economic stabilizer amid expanding trade deficit and internal demand recovery.
- Market anticipates a slowdown in US economic growth in H2, with consumer spending trends declining. Private investments may face pressure due to previous interest rate impacts, while government spending is expected to provide support. Risks include financial market volatility, economic slowdown, and inflation dynamics post-Fed rate cuts, shaping the market landscape in the upcoming months.

The "Fog" of the U.S. Economy