2 forces are driving US economic growth, and the Iran war threatens to derail both, BofA says

AI investments and consumer spending are driving US economic growth, but the war in Iran poses a significant threat to both. AI capital expenditure is becoming increasingly crucial for GDP growth, while consumer spending remains resilient despite low sentiment. The conflict could disrupt energy supplies, impacting AI development and causing inflation that would hurt consumer spending.

Read the full article at Business Insider

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