The economy looks weak in the first quarter, but better days are coming
- GDP growth likely will be slow in the first quarter — as low as 1.4 percent, according to a UBS estimate — but should accelerate strongly later in the year.
- Bank of America Merrill Lynch sliced its growth estimate from 2.3 percent to 1.7 percent for Q1 but maintained its full-year 2.9 percent forecast.
- Earlier this week, the Fed increased its 2018 projection from 2.5 percent to 2.7 percent.
Article -
https://www.cnbc.com/2018/03/23/the-economy-looks-weak-in-the-first-quarter-but-better-days-are-coming.htmlis economic forecast encouraging?
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