The Traderszone Network

Published in TZ Latest News 9 May, 2017 by The TZ Newswire Staff

Goldman Sachs shifts around US GDP estimates after wholesale inventories

Growth moves back to Q1
Goldman raised its Q1 GDP estimate to 0.9% from 0.7% today. At the same time, they cut Q2 to 2.9% from 3.0%.
Inventories are notoriously difficult to predict and have an enormous effect on GDP.