HALISTER1: U.S. ECO PREVIEW: 1Q GDP, Jobless Claims Due in 5 Minutes

U.S. ECO PREVIEW: 1Q GDP, Jobless Claims Due in 5 Minutes

(Bloomberg) -- Gross domestic product seen expanding at 0.7% annual rate in 1Q after registering 1.4% growth rate in 2Q (forecast range 0.1% to +1.5%)
  • Would be weakest since 1Q 2015; growth seen restrained by net external trade, slower pace of consumption growth: Capital Economics economist Paul Ashworth
  • Initial jobless claims seen at 259k in week ended April 23 vs 247k prior week (forecast range 240k to 281k)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Paul Ashworth (Capital Economics Na Ltd)

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