Bundesbank predicts soft landing for US economy

Signs of a gradual slowdown of the US economy are increasing, the Bundesbank said in its latest monthly report, citing the "sharp" decline in residential investment and government spending as the main contributions to the "tangible" slowdown in third quarter GDP growth.

The "marked" drop in US capacity utilisation since mid-year, the decline in housing permits and the slowdown in labor costs also point to "an emerging soft landing," it said. The pick-up in private consumption since the second

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