Expectations for first-quarter growth have suddenly surged past 2% [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Expectations for first-quarter growth have suddenly surged past 2% Mike Blake | Reuters A truck hauls a shipping container at Yusen Terminals (YTI) on Terminal Island at the Port of Los Angeles in Los Angeles, California Economic growth perked up late in the first quarter, to well above 2% after looking to be 1% or less during the winter storms and government shutdown. Economists surveyed by CNBC/Moody's Analytics Rapid Update The first read on first-quarter GDP is being released April 26. Economists had expected tepid growth for the first quarter after subzero temperatures and snow hit a big swath of the country this winter. The government shutdown, which lasted five weeks, including nearly the entire month of January, was also seen as reducing growth by several tenths. Goldman Sachs economists said they expect 2.8% growth in the second quarter, even though Boeing's production cutbacks and reduced aircraft deliveries due to issues with the 737 Max could shave 0.4 percentage points fr
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