http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-10-26.htmlFiscal stimulus provided a boost to consumer spending The decline of non-residential and residential investment will ease Significant economic slack will cause recovery to be slow Consumer spending will drive economic growth The U.S. economy is expected to embark down the path of recovery as we anticipate a quarterly annualized growth rate of 4.1% in 3Q09 following four consecutive months of contraction. Personal consumption expenditures are poised to lead the expansion. The Cash for ClunkersMon, 26 Oct 2009 09:47:32 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-10-26.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-08-03.htmlGDP decreased at a slower rate than in 1Q09 Widespread weakness across components but contraction eased Rising unemployment and savings could present risks to PCE As expected, GDP contraction slowed in 2Q09 with economic activity declining 1.0%, compared to the 6.4% drop in the first quarter. While non-residential investment was a significant driver of the first quarter’s decline, it moderated to -8.9% from -39.2% in 2Q09. Equipment and software dropped 9.0%, the slowest rate since 3Q08, dueMon, 03 Aug 2009 08:11:49 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-08-03.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-04-30.html1Q09 GDP Growth GDP decreased at a slower rate than in 4Q09 PCE’s increase could indicate a bottom in the downward trend Investment and international trade present risks to recovery GDP in 1Q09 declined 6.1%, a slightly slower rate than the 6.3% drop in 4Q08, but still more than expected due to a surprisingly large adjustment in inventories. In contrast, PCE rebounded 2.2% following two consecutive quarterly declines. Even though both durable and non-durable goods bounced back, the increase inThu, 30 Apr 2009 08:23:39 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-04-30.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-04-17.htmlChina’s Real GDP grew 6.1% yoy in Q1 2009 amidst a sharp global recession. The economy has bottomed and robust recovery can be expected in Q2. China’s real GDP grew by 6.1% in Q1 2009 amidst a sharp global recession. Although the Q1 growth has continued to weaken from 6.8% in Q4 2008, we think the economic slowdown has bottomed and strong recovery can be expected in Q2, as domestic policies are gaining more traction and the sharply deteriorating external environment has stabilized. TheFri, 17 Apr 2009 08:13:04 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-04-17.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-03-11.htmlBrazilian GDP surprises negatively in Q4 2008, plunges 3.6% q-o-q and puts economy on track for a recession. Yearly growth was 5.1%. • The 3.6% fall was higher than expected by BBVA (3.0%) and much higher than forecasted by the market (2.3%). The fall is also the highest of the series (which starts in 1996). • With the exception of public consumption, all other demand components displayed very sharp variations in Q4 2008. Investments and private consumption declined more than expected, by 9.8%Wed, 11 Mar 2009 10:28:53 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2009-03-11.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-10-31.html• GDP declined reflecting ongoing weakness in private domestic demand. As expected, PCE declined in 3Q08 by the steepest rate since 3Q80. • Nonresidential investment surprised on the downside while net exports and government spending remained buoyant.  • GDP growth is likely to drop by more in 4Q08. In the third quarter, GDP declined 0.3% on a quarterly annualized basis. This drop was the largest since 3Q01 and primarily reflected a sharp adjustment in private domestic demand, which wasFri, 31 Oct 2008 08:46:46 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-10-31.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-10-22.html• PCE is likely to decline in 3Q08 for the first time in 17 years  • We have lowered our GDP growth forecast for both 2009 & 2010 to -0.2% and 0.7% respectively • Financial strains impose significant downside risks and uncertainty to this outlook  Low economic growth in the third quarter In 3Q08 GDP is likely to grow by a quarterly annualized rate of 0.2%. Recent economic indicators suggest that personal consumption expenditures will contract for the first time since 1Q91. ThisWed, 22 Oct 2008 08:19:03 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-10-22.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-10-20.html- China’s GDP growth slowed to 9.0% in Q3. This entails a fall of 1.1 percentage points from that in Q2. This is also 0.7 percentage point slower than the market consensus. - It marks the first time China's quarterly GDP growth has fallen below 10 percent since the end of 2005, fuelling expectations of a slowdown in the in Q4 and 2009. - The moderation in GDP growth was broadly based, led by contracting net exports and moderating domestic demand (Chart 1). - For the three quarters as a whole,Mon, 20 Oct 2008 16:18:42 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-10-20.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-08-01.html• PCE rebounded favored by tax rebates, but could decelerate significantly once the effect of the fiscal stimulus vanishes  • Residential investment declined less than expected; however, the adjustment will continue in coming quarters  • We have revised our forecast up for 2008 and down for 2009 Second quarter GDP growth came out above our expectations at 1.9%. On a year-over-year basis, growth was 1.8% from 2.5% in 1Q08. Growth in 2Q primarily reflected positive contributions from:Fri, 01 Aug 2008 15:57:15 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-08-01.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-07-25.html• Boosted by tax rebates and monetary policy, consumer spending proved resilient in 2Q08 • Non-residential investment was solid, while residential investment declined  • Risks are tilted to the downside, we expect GDP to weaken in 2H08 Economic activity in the second quarter According to our estimates, the U.S. economy proved resilient in the second quarter. We expect 0.93% real GDP growth in 2Q08 from 0.96% in 1Q08. This is equivalent to 1.8% year-over-year growth rate in 2Q08 from 2.5%Fri, 25 Jul 2008 07:24:57 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-07-25.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-05-02.html• Spending on goods fell, but services continued solid • Non-residential investment deteriorated significantly, signaling a future broad based deterioration • We maintain our forecast of 1% GDP growth in 2008 GDP growth remained at a sluggish 0.6% in 1Q08. This was 0.4 pp less than our estimate. On a year-over-year basis, real GDP growth was 2.5%, similar to that of 4Q07. Private consumer expenditures (PCE), government spending, net exports and private inventories added to growth. This wasFri, 02 May 2008 09:03:42 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-05-02.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-04-28.html• Q108 GDP growth could surprise to the upside, mostly due to inventory accumulation and solid net exports • However, private consumption is likely to expand at its slowest pace since 1991, while NRI will continue to decelerate • We maintain our scenario of sluggish economic growth in 1H08 and a slow recovery thereafter We expect GDP growth in 1Q08 to be 1% on a quarterly annualized basis – stronger than in 4Q07 and higher than average consensus. Our forecast primarily reflects a rebound inMon, 28 Apr 2008 15:46:55 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-04-28.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-01-31.html• Real GDP growth decelerated in the fourth quarter driven by weakness in all components. • We expect GDP to grow below potential in 2008 • Moreover, risks continue to be tilted to the downside GDP growth slowed to 0.6% in 4Q07 from 4.9% in 3Q07. This was 0.5 pp less than our estimate. On a year-over-year basis, real GDP increased 2.5% from 2.8% in 3Q07. Consumer and government spending, private fixed investment and international trade added to GDP growth, a contribution that was partiallyThu, 31 Jan 2008 08:16:59 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-01-31.htmlhttp://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-01-29.html• GDP growth decelerated significantly in 4Q07, as virtually all components weakened from the previous period • Economic indicators suggest that GDP growth slowed further in 1Q08 and output is likely to remain sluggish throughout 2008 • We expect GDP growth at 1.7% in 2008 GDP growth moderated significantly in the fourth quarter We estimate that real GDP growth slowed to 1.1% in 4Q07 down from 4.9% in 3Q07. Our GDP forecast implies a 2.6% year-over-year growth rate in 4Q07 from 2.8% in 3Q07.Tue, 29 Jan 2008 14:09:20 GMThttp://www.fxstreet.com/fundamental/economic-indicators/e.economicos@bbva.bancomer.com (BBVA Bancomer)http://www.fxstreet.com/fundamental/economic-indicators/gdp-observatory/2008-01-29.html