Q2 GDP is out today, and just about everyone is expecting sluggish, un-V like growth.
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NYT:
“Practically every Street economist took a knife to Q2 and Q3 G.D.P. growth,” David A. Rosenberg, chief economist for Gluskin Sheff, wrote last week in a note to clients, referring to Wall Street forecasts for gross domestic product. For the second-quarter results to be released Friday, economists project a modest annualized gain of 2.6 percent, down from 2.7 percent in the first quarter and 5.6 percent in the final quarter of last year.
That number may even be a tad high at this point. Some are definitely closer to 2% in their forecast.
