US Economic Growth Still Expected To Accelerate In Q2

Nonetheless, the higher-than-usual volatility in economic results vs. expectations in recent weeks is a hint for managing expectations down for Q2 GDP expectations. The good news is that the median Q2 nowcast, at roughly 10%, is still high enough so that even a substantial downgrade would still leave plenty of room for projecting a solid improvement in growth over Q1.

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Disclosures: None.

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