Weak inventory, construction and trade data might slash Q2 GDP

08/12/2010 | Atlantic online, The · Wall Street Journal, The · ABC News

Data on the U.S. economy might force a major downward revision for gross domestic product in the second quarter, economists said. John Ryding and Conrad DeQuadros of RDQ Economics said a surprise 18.8% widening of the trade deficit in June, coming on the heels of weak construction and inventory data, probably will lead to a substantial cut, from 2.4% growth to an increase of 1.1% to 1.2%.

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Atlantic online, The · Wall Street Journal, The · ABC News