GOLDMAN: That Good GDP Report Made Us Revise Down Our Q1 GDP Report


Photo: Wikipedia Commons

Goldman spills a drop of cold water on that good Q4 GDP report…Despite the upward revision to Q4 GDP, the report was a small negative for our Q1 expectations. In particular, inventory growth was revised down by a smaller amount than we had anticipated, and stronger inventory growth in a certain quarter means a smaller inventory contribution in the subsequent quarter, all else equal. We therefore revised down our tracking estimate of Q1 GDP growth to 2.3% (annualized) from 2.4% previously.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

gdp moneygame-us