Rebound for Initial US Q2 GDP Nowcast Could Be Misleading

Rebound for Initial US Q2 GDP Nowcast Could Be Misleading

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Rebound For Initial US Q2 GDP Nowcast Could Be Misleading | The Capital SpectatorThe Brinsmere Funds Ad

Preliminary estimates for the US economic activity in the second quarter point to a recovery following a mild decline for GDP in the first quarter. The obvious caveat: Q2 data is still sparse and so there’s a high degree of uncertainty about how the quarter will evolve as the effects of tariffs move through the economy in the weeks ahead. Meanwhile, the initial view for Q2 GDP is encouraging. The median nowcast for the current quarter indicates …