Merrill: "Fading the first quarter GDP fade"

The Atlanta Fed GDPNow estimate has fallen to just 0.4% annualized growth for Q1. The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.4 percent on April 5, down from 0.7 percent on April 1. From Merrill Lynch: Fading the first quarter fade For the third year in a row, forecasters came into the first quarter looking for 2%-plus GDP growth, only to steadily revise estimates lower. [T]he Atlanta Fed's GDPNow tracking [has declined] for 1Q in each year. They are far from alone: both we and the consensus have been doing the same thing.......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/23hHNRG
via IFTTT