From NYT
Source: Bureau of Economic Analysis, via Haver Analytics
The government’s preliminary estimate for economic growth in the second quarter is likely to be revised substantially lower.
This preliminary estimate of gross domestic product growth, which was released on July 30,
reported that the nation’s output grew at an annual rate of 2.4 percent
in the spring. ...
...
“Combining the bigger-than-expected trade deficit with other weak
data suggests that Q2 growth was only 1.2 percent rather than the 2.4
percent originally estimated, placing the economy on even shakier ground
than it seemed,” wrote Nigel Gault, chief United States economist at
IHS Global Insight, “and underlining why the Fed has shifted towards an
easing bias.”
2nd Quarter G.D.P. May Be Revised Even Lower
Source: Bureau of Economic Analysis, via Haver Analytics
The government’s preliminary estimate for economic growth in the second quarter is likely to be revised substantially lower.
This preliminary estimate of gross domestic product growth, which was released on July 30,
reported that the nation’s output grew at an annual rate of 2.4 percent
in the spring. ...
...
“Combining the bigger-than-expected trade deficit with other weak
data suggests that Q2 growth was only 1.2 percent rather than the 2.4
percent originally estimated, placing the economy on even shakier ground
than it seemed,” wrote Nigel Gault, chief United States economist at
IHS Global Insight, “and underlining why the Fed has shifted towards an
easing bias.”
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