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Morgan Stanley trims U.S. third quarter GDP growth view to 2.5 percent
August 30, 2017 / 3:47 PM / 3 months ago

Morgan Stanley trims U.S. third quarter GDP growth view to 2.5 percent

NEW YORK (Reuters) - Morgan Stanley economists said on Wednesday they reduced their growth estimate on U.S. gross domestic product in the third quarter to 2.5 percent from 2.7 percent following the government’s upward revision of second-quarter GDP to 3.0 percent.

“Better-than-expected 2Q GDP results imply a bit less sequential growth in 3Q GDP,” Morgan Stanley economists Ellen Zenter, Robert Rosener and Michel Dilmanian wrote in a research note.

Reporting by Richard Leong

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