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RBC economists Tom Porcelli and.......>

US DATA REACT
US DATA REACT: RBC economists Tom Porcelli and Jacob Oubina look for Friday's 2Q
GDP first estimate "to come in just shy of 3% on the heels of a paltry 1.4%
outcome in Q1. Critically, we look for a significant rebound in real consumer
spending (to 2.9% from 1.1% prior) supported by very constructive household
fundamentals. Overall this leaves topline economic activity in H1 near the
post-recession average of just north of 2%."

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