Today's Huge Number...

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Photo: Flickr / State Library of South Australia

Just a quick reminder: Today’s huge number is Q1 GDP, which is coming out at 8:30 AM ET.Generally projections have been ticking up for it, in part thanks to inventory boosts which may not last.

Here’s Nomura’s one-line forecast:

GDP, Q1 1st: We believe real GDP grew at an annualized pace of 2.8% in the first quarter of 2012, supported by strong business investment and consumer spending, growth in exports and inventory building that outweighed a drag from government spending.

Obviously we’ll have the news LIVE when it comes out.

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