US GDP Growth Revised Up to 3.1% in Q3 đ
The US economy expanded at a robust 3.1% annualized rate in Q3 2024, driven by strong personal spending, fixed investment, and exports, despite a drag from private inventories.
The strong economic growth in the US, with personal spending, fixed investment, and exports all performing well, is likely to have a significant positive impact on the investment portfolio. The portfolio's exposure to the S&P 500, European markets, and various US and European stocks would benefit from this economic expansion.
Danish Q3 GDP Growth Rate Revised Downward âšī¸
Denmark's economy expanded by 0.9% in Q3 2024, slower than initial estimates, due to a slowdown in industry sales, though the pharmaceutical sector and net external demand contributed positively.
The article indicates a moderate slowdown in Denmark's economic growth in Q3 2024 compared to the previous quarter, which is likely to have a neutral impact on the given investment portfolio. The portfolio's exposure to the Danish and broader European markets is relatively low, with the S&P 500, MSCI World, and various individual stocks making up the majority of the holdings. Therefore, the slowdown in Denmark's economy is not expected to significantly affect the overall performance of the portfolio.