Morgan Stanley revise their US GDP forecast to +1.3%, from +0.6%, citing Biden Boom | Forexlive

Morgan Stanely have made what they refer to as, quite rightly, a “sizeable upward revision” to their 2023 US economic growth forecast.

Analysts at the bank now expect +1.7% Q4/Q4, from +0.6% previously.

Morgan Stanley cite stronger-than-expected public investment as the largest contributor to the reasoning, pointing to “a boom” from The Infrastructure Investment and Jobs Act.