Read full post at forexlive.com
Goldman Sachs have been concerned about the US economy drifting along in H1 but have been encouraged by recent retail sales and industrial production data.
GS now expect Q2 GDP growth at 2.3% (annualised)
Investment, including residential, business, and inventory investment, exceeded expectations, although housing activity slowed in Q2 following a Q1 surge prompted by lower mortgage rates.
Further out, GS expect:
This article was written by Eamonn Sheridan at www.forexlive.com.
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