From Merrill Lynch: We mark to market our 1Q GDP forecast up to 1.5% from 1.0%, while taking down 2Q GDP by 0.6pp to 1.0% and 3Q GDP 0.2pp to 1.4%, reflecting wider disruption from the COVID-19 spread. [Mar 6 estimate]emphasis added From Goldman Sachs: Based on the downward revision to January wholesale inventories and […]
source https://thebtrader.com/2020/03/06/q1-gdp-forecasts-0-7-to-3-1/?utm_source=rss&utm_medium=rss&utm_campaign=q1-gdp-forecasts-0-7-to-3-1
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