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Goldman trims U.S. GDP growth view after trade, inventory data
May 25, 2017 / 4:30 PM / 7 months ago

Goldman trims U.S. GDP growth view after trade, inventory data

NEW YORK (Reuters) - Goldman Sachs economists on Thursday dialed back their view on U.S. economic growth in the first half of this year following advance data that showed a drop in wholesale inventories and a wider deficit in the goods trade balance in April.

FILE PHOTO: A Goldman Sachs sign is displayed inside the company's post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2017. REUTERS/Brendan McDermid

They downgraded their outlook on the expansion of the U.S. gross domestic product in the second quarter to 2.8 percent from 3.0 percent and their first-quarter GDP estimate to 1.0 percent from 1.1 percent.

The forecasts came in a research note written by Goldman economists Daan Struyven and Avisha Thakkar.

Reporting by Richard Leong Editing by W Simon

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