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US Economy is 'Paradox' of Strong Growth, Underlying Weakness: EY's Daco - Bloomberg BusinessWeek
Feb 6, 2026
Gregory Daco, Chief Economist at EY, joins Bloomberg Businessweek Daily to discuss the state of the US economy, saying that he currently sees a "paradox" of strong growth paired with underlying weakness and a bifurcated consumer. Meanwhile, US consumer sentiment unexpectedly improved to the highest in six months, largely propelled by wealthier Americans who have benefited from stock-market gains. The preliminary February sentiment index increased to 57.3 from 56.4 in January, according to the University of Michigan. Daco has discussed in recent months the "three A-pillars" of the US economy, which includes the affluent consumer. Daco speaks with Carol Massar and Tim Stenovec.
Gregory Daco, Chief Economist at EY, joins Bloomberg Businessweek Daily to discuss the state of the US economy, saying that he currently sees a "paradox" of strong growth paired with underlying weakness and a bifurcated consumer. Meanwhile, US consumer sentiment unexpectedly improved to the highest in six months, largely propelled by wealthier Americans who have benefited from stock-market gains. The preliminary February sentiment index increased to 57.3 from 56.4 in January, according to the University of Michigan. Daco has discussed in recent months the "three A-pillars" of the US economy, which includes the affluent consumer. Daco speaks with Carol Massar and Tim Stenovec.
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