25 Mar 2015
Investment banks reduce US Q1 GDP forecasts
FXStreet (Mumbai) - The major investment banks have reduced their Q1 US GDP forecasts, since the last week’s release of a dovish fed minutes.
Barclays lowered its US Q1 GDP estimate to 1.2%, from the previous forecast of 1.3%. The bank downgraded its estimate citing the weak shipments figure in the durable goods report released today. Feb shipments were 0.2% vs 0.3% expected and January numbers were revised to -0.4% from -0.3%.
Investment bank Goldman Sachs also downgraded its Q1 US GDP forecast to 1.8% from 2.00%. The downward revisions have come ahead of the third reading of Q4 2014 US GDP, which is seen rising to 2.4%, from the second estimate of 2.2%.
Barclays lowered its US Q1 GDP estimate to 1.2%, from the previous forecast of 1.3%. The bank downgraded its estimate citing the weak shipments figure in the durable goods report released today. Feb shipments were 0.2% vs 0.3% expected and January numbers were revised to -0.4% from -0.3%.
Investment bank Goldman Sachs also downgraded its Q1 US GDP forecast to 1.8% from 2.00%. The downward revisions have come ahead of the third reading of Q4 2014 US GDP, which is seen rising to 2.4%, from the second estimate of 2.2%.