Pantheon Macroeconomics - The biggest single driver of the downward revision to first quarter GDP growth, due this morning, will be the foreign trade component. Headline GDP growth likely will be pushed down by a full percentage point, to -0.8% from +0.2%, with trade accounting for about 0.7 percentage points of the revision.

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29 May. 2015 Foreign Trade Chaos Hurt Q1 GDP Growth - Expect Hefty Q2 Unwind

By Ian Shepherdson

The biggest single driver of the downward revision to first quarter GDP growth, due this morning, will be the foreign trade component. Headline GDP growth likely will be pushed down by a full percentage point, to -0.8% from +0.2%, with trade accounting for about 0.7 percentage points of the revision.

Posted: 29th May 2015 in 'U.S. Documents'

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