Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: ild who wrote (37283)	8/18/2003 2:58:25 PM
From: Haim R. Branisteanu	Read Replies (1) of 74559

It seems that MorganStanley turned bullish on the US economy - GDP of 5% in Q3 Taking into account the retail sales and trade reports, we now expect Q2 GDP to be revised up to +3.0% from +2.4% and we see Q3 on track for a 5.0% gain, up from our prior +4.1% estimate. The key swing factor in the acceleration is an expected catch-up by domestic producers to the surprisingly strong demand numbers in Q2. It now looks like Q2 final domestic demand will be revised up to a very strong +5%, but with much of the strength being met out of inventories and imports.

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