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  "documentTitle": "ey global economic outlook july 2023",
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  "notes": "Includes US nonfarm employment data and real consumption/disposable income trends.",
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      "text": "The labor market is showing some resilience, but a pronounced slowdown is likely in coming months with reduced hiring and a rise in layoffs.",
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      "text": "Source: Bureau of Labor Statistics; EY",
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      "text": "The ongoing rebound in real disposable income... While consumers are still spending, they are becoming more financially cautious",
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      "text": "Midway through the year, the US labor market remains resilient... Looking ahead, we expect job growth will deteriorate... Stronger immigration flows and rebounding productivity are two upside risks",
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