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Q2 US GDP likely to be 3.0%

Thursday, July 23, 2015 4:35 AM UTC

Growth in leading indicators in US should keep a data-dependent Fed on track for rate hikes later this year.

"The advance estimate of Q2 US real GDP is forecasted to 3.0% q/q saar" says Barclays.

The rebound in growth following the disappointing Q1 outturn to be driven mainly by private consumption and non-energy investment. The net trade was a substantial drag on its growth in Q1.

The net trade is expected to rebound, export growth is improving and the imports that surged in Q1 by 7.1% are expected to rise as well.

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Q2 US GDP likely to be 3.0%

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