GDP Forecasts Ahead of the Release At 8:30 am
Ahead of the Q2 GDP release at 8:30 am, economists are looking for a reading of 1.0%, according to Bloomberg. However, some of the big banks are well below consensus here.
Four key banks, among others, have estimates below consensus:
- Goldman Sachs sees Q2 GDP at 0.7%
- Barclays sees Q2 GDP at 0.5%
- Morgan Stanley sees Q2 GDP at 0.3%
- Credit Suisse sees Q2 GDP at 0.9%
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