Goldman trims U.S. GDP growth view after trade, inventory data
Reuters
Published May 25, 2017 12:29PM ET
Updated May 25, 2017 12:40PM ET
Goldman trims U.S. GDP growth view after trade, inventory data
NEW YORK (Reuters) - Goldman Sachs (NYSE:GS) economists on Thursday dialed back their view on U.S. economic growth in the first half of this year following advance data that showed a drop in wholesale inventories and a wider deficit in the goods trade balance in April.
They downgraded their outlook on the expansion of the U.S. gross domestic product in the second quarter to 2.8 percent from 3.0 percent and their first-quarter GDP estimate to 1.0 percent from 1.1 percent.
The forecasts came in a research note written by Goldman economists Daan Struyven and Avisha Thakkar.
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Written By: Reuters
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