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- Meanwhile, JPM maintains their "GDP outlook unchanged beyond Q2, with our forecast continuing to look for 8.25% annualized real GDP growth in Q3."
- "Our somewhat weaker tracking of inventory investment in Q2 might normally imply some upside risk to GDP in Q3, as restocking needs would be that much greater. However, we are nudging down our projection for final sales in Q3. The Delta variant may impart a little more caution in consumer behavior, and we are adjusting our Q3 real consumption forecast lower from 5.0% to 4.5% to better balance risks around our outlook."