Page content
Q2 GDP Tracking: Moving on Down
There will be additional trade related distortions in Q2 boosting GDP.
From Goldman:
Following this morning’s data, we have lowered our Q2 GDP tracking estimate by 0.6pp to +3.0% (quarter-over-quarter annualized). Our Q2 domestic final sales estimate stands at +0.7%. [July 3rd estimate]. [...]