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john east

Gov contribution +0.4%, inventory build up +1.3%, so ignoring these contributions we get -3.8% -0.4% -1.3% = -5.5%

It seems that the consensus of -5.4% was pretty close.

Brian C

John: Did the economists ignore those contributions to come up with their estimates?

bond trader

economists were absolutely surprised by the inventories buildup. In fact all economists have taken that as a reason to cut further their initial estimates to Q1 GDP

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