Q2 growth estimates slashed by economists - MarketWatch
Barclays, Goldman Sachs and Macroeconomic Advisers all slashed their
second-quarter GDP estimates on Wednesday. The biggest drop came from
Barclays, which now forecasts 1.5% growth, down from a prior estimate of
2.5%, as trade looks to be a slight drag and slower inventory building
looks to have subtracted from growth. Meanwhile, Goldman Sachs cut its
estimate to 1.3% from 1.4% after the wholesale inventories data and
Macroeconomic Advisers cut its view to 1.2% from 1.4% after the trade
data
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