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Economists Across Wall Street Are Axing Their Forecasts For US Growth

Today’s unsatisfactory is promulgation shockwaves opposite Wall Street’s economics departments.

“The unsatisfactory 0.4% m/m rise in US sell sales values in June  increases a chances that GDP grew during an annualised rate of reduction than 1% in a second quarter,” pronounced .

a Q2 GDP expansion tracking guess to 0.5% from 0.6%, reports CNBC’s Bob Pisani.

According to Zero Hedge, a GDP foresee to 1.0% from 1.3%.

“Today’s series complicates Q2 GDP estimates,” . “Q2 should be reduction than 1.0%, a second time in 3 qtrs GDP is reduction than 1.0%. That’s not really good.”

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