Economics

Morgan Stanley Sees Concentrated U.S. Slowdown in Third Quarter

Firm’s economists revise GDP tracking estimate to 2.9% vs 6.5%
Economic growth in U.S. is coming off a ‘torrid pace’

Shoppers In SoHo As Consumer Spending Figures Released — Photographer: Juharat Pinyodoonyachet/Bloomberg

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By Jill R Shah

September 2, 2021 at 2:37 PM UTC

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Economists at Morgan Stanley say they expect the brunt of a second-half growth slowdown to occur in the third quarter, due largely to a payback from stimulus spending and persistent supply chain issues.