The Traderszone Network

Published in TZ Latest News 28 November, 2016 by The TZ Newswire Staff

What the banks are saying about US GDP

To be released at 8:30 AM ET/1330 GMT on Tuesday
Barclays:
“We  forecast Q3  GDP growth to be revised modestly to 3.0% from 2.9% in the preliminary estimate.   In Q3,  growth returned to a healthier rate, after soft readings during H1 of 2016,  as consumer spending remained in solid footing and the drag from inventories came to an end.    We expect the economy to continue expanding at a healthy rate for the rest of this year and next,, although uncertainty around our forecasts has increased, given that we only have limited information about the likely fiscal path under the new administration”