Daily Management Review

Analysts expect US GDP to rise in Q1


Economists polled by DailyFX believe that US GDP increased by 1.1 percent year over year in the first quarter, according to the first estimate (if GDP had been expanding at the same rate for four consecutive quarters).

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The Bureau of Economic Analysis of the US Department of Commerce will issue the appropriate announcement on Thursday, April 28.

The US Department of Labor will issue data on first jobless claims for the week ending April 23 at the same time. Analysts predict that the indicator will drop by 4,000 to 180 thousand applications.

On the same day, the German Federal Statistical Office (Destatis) will release preliminary inflation figures for April. Annual inflation is expected to decrease to 7.2% from a record 7.3% a month earlier, according to analysts.

source: dailyfx.com