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Worse-than-expected durable goods could lead to some trimming of Q2 growth forecasts. Even...

May 25, 2011 9:24 AM ETBy: Carl Surran, SA News Editor1 Comment
Worse-than-expected durable goods could lead to some trimming of Q2 growth forecasts. Even before the report, Goldman Sachs, following JPMorgan’s lead yesterday, had already cut back its forecast to 3% from 3.5%, saying it had underestimated the impact of Japan’s quake on the global supply chain, particularly for automakers.

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