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Goldman slashes its Q2 U.S. GDP growth forecast to 1.1% from a prior 1.3%. A 0.5% M/M drop in...

Goldman slashes its Q2 U.S. GDP growth forecast to 1.1% from a prior 1.3%. A 0.5% M/M drop in retail sales (worse than a consensus for a 0.2% gain) is the main reason for the revision, though the firm also makes note of mixed Empire manufacturing survey data.
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Comments (8)
  • montanamark
    , contributor
    Comments (1444) | Send Message
     
    and this is the "recovery"
    16 Jul 2012, 09:28 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Yes, everyone gets their "fair share" of misery.
    16 Jul 2012, 09:31 AM Reply Like
  • montanamark
    , contributor
    Comments (1444) | Send Message
     
    pisani inventing new phrase: "good enough"

     

    I guess "better than expected" is out
    16 Jul 2012, 09:39 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    and with 1.4 trillion in excess spending..this is all you get?????
    16 Jul 2012, 09:47 AM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    What is Mitt planning to do to get US GDP up to his target 4%?
    16 Jul 2012, 10:21 AM Reply Like
  • montanamark
    , contributor
    Comments (1444) | Send Message
     
    reverse socialism
    16 Jul 2012, 10:32 AM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    Goldman speaks - run or do the opposite. Goldman Sucks.
    16 Jul 2012, 11:15 AM Reply Like
  • WMARKW
    , contributor
    Comments (10672) | Send Message
     
    Didn't everyone just lower their GDP forecasts last week to 1.5%?

     

    Looks like my 1.5% for this year and next will be a bit aggressive? Oops....that means my deficit numbers will likely be higher. Oops.
    16 Jul 2012, 07:08 PM Reply Like
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