The Credit Writedowns Newsletter

Share this post

The huge beat in US GDP growth

pro.creditwritedowns.com

The huge beat in US GDP growth

Edward Harrison
Apr 26, 2019
1
1
Share this post

The huge beat in US GDP growth

pro.creditwritedowns.com

This is going to be real quick. The Q1 GDP numbers came out. And they were a huge beat, showing 3.2% annualized growth versus an expected 2.0%. Even the bullish Atlanta Fed nowcast undershot this at 2.7%.

If you look at how the quarter began and how it finished, especially regarding the most recent consumer spending numbers, this is a clear case of re-ac…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2023 Global Macro Advisors
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing