| Title: | Economic Research: U.S. Economic Forecast: The Lazy ?U? |
| Price: | $500.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Commentary |
| Abstract: | Real GDP unexpectedly rose in the first quarter, casting doubt on the existence and extent of the recession. Although we still believe this is a recession, it now seems likely that it will be shallower but longer than previously anticipated. Like 2001, there might not be the usual two consecutive quarters of negative GDP growth, but it will still be a recession, probably officially pronounced one by the Business Cycle Dating Committee of the National Bureau of Economic Research and certainly one in the minds of most Americans. Most of the upward surprise in the first quarter came from inventories, which could make the second quarter even weaker as the goods are taken off the shelves. The trade gap improved |
| Brief Excerpt: | RESEARCH Ratings Definitions Economic Research: U.S. Economic Forecast: The Lazy aǣUaǥ Publication date: ##-May-#### Credit Market Services: David Wyss, Chief Economist, New York (#) ###-###-####; david_wyss@standardandpoors.com... |
| Word Count: | 3017 |
| Sector: | Global Issuers, Structured Finance, Public Finance, Financial Institutions, Insurance, Sovereigns, Corporations, International Public Finance, Utilities, Servicer Evaluations, Asset-Backed Securities, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS |
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