Barclays Cuts Q1, Q2 GDP Forecasts Following Inline Wholesale Inventories Data
June 11, 2013 at 11:20 AM EDT
A strategist at Barclays lowered his forecasts for US GDP following Tuesday morning's inline wholesale inventories reading for the month of April. Peter Newland now sees Q1 GDP around 1.1 percent growth, down from a prior forecast of 1.2 percent. Newland is expecting Q2 GDP growth of 2.2 percent, down from
