by Bill McBride on 4/12/2011 02:02:00 PM
Tuesday, April 12, 2011
Morgan Stanley slashed their estimate to 1.5% from 1.9% after what they called "a very weak report." RBS Securities cut their estimates to 1.7% from 2% ...And from Catherine Rampell at Economix: G.D.P. Forecast for First Quarter Slides
Today, after an especially weak report on February’s trade deficit, the [Macroeconomic Advisers'] economists lowered their first quarter G.D.P. estimate to a sorry 1.5 percent annualized.So Macroeconomic Advisers' forecast has gone from a "paltry" 2.3% to a "sorry" 1.5%!
The advance GDP report will be released on Thursday April 28th. Still time for more downgrades. What comes after "paltry" and "sorry"? Putrid?
Posted by Bill McBride on 4/12/2011 02:02:00 PM