Barclays cuts US Q1 GDP growth forecast amid weaker consumer spending

Barclays has revised its Q1 GDP growth forecast for the U.S. downward, citing a decline in consumer spending as a key factor. This adjustment reflects a potential deterioration in economic activity, which may influence investor sentiment and risk appetite. Retail stocks are particularly exposed, as weaker consumer demand can lead to lower sales and profit expectations in the sector. Traders will be closely watching upcoming retail sales data for further indications of consumer behavior and its impact on overall economic growth.

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