Goldman Sachs ups US Q1 GDP forecast to 2.6% y/y

Dhwani Mehta FXStreet

Heading into the US Q1 GDP data release at 1230 GMT later today, the Goldman Sachs analysts made an upward revision to their first quarter US growth forecasts.

Key Highlights:

US Q1 GDP now bumped up to 2.6% y/y vs. 2.4% previous forecast, citing:

The firm pace of durable inventory growth.

The surprising rebound in commercial aircraft shipments in March.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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