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%