Morgan Stanley's David Greenlaw still sees second-half GDP growth at 3.5%, citing an eclectic mix: auto assembly schedules pointing to increased production after recent disruptions, cheap gas prices likely to translate into real consumption growth, incentives for businesses to spend expiring at year-end, and a seasonal quirk that will boost Q4 exports.
Morgan Stanley's David Greenlaw still sees second-half GDP growth at 3.5%, citing an eclectic...
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