Pantheon Macroeconomics - When the advance estimate of first quarter GDP growth is revised, on May 29, we expect the new data to show that net foreign trade subtracted an enormous 1.9 percentage points from growth. With GDP likely to be revised down to -0.7% from +0.2%, that means domestic demand likely will be reported up 1.2%.

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18 May. 2015 Foreign Trade is Set for a Huge Q2 Swing - Boosting GDP Growth

By Ian Shepherdson

When the advance estimate of first quarter GDP growth is revised, on May 29, we expect the new data to show that net foreign trade subtracted an enormous 1.9 percentage points from growth. With GDP likely to be revised down to -0.7% from +0.2%, that means domestic demand likely will be reported up 1.2%.

Posted: 18th May 2015 in 'U.S. Documents'

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