From Merrill Lynch: The collapse in construction spending and soft inventories cut 0.3pp from 2Q GDP tracking, bringing our estimate down to 1.8% qoq saar from the advance 2.1% print. … we revise up our 3Q GDP forecast to a trend-like 1.7% qoq saar from 1.2%. [Aug 2 estimate]emphasis added From Goldman Sachs: We lowered […]
source https://thebtrader.com/2019/08/02/q3-gdp-forecasts-1-6-to-1-9/?utm_source=rss&utm_medium=rss&utm_campaign=q3-gdp-forecasts-1-6-to-1-9
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