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On the face of it, the economic update that the government is releasing on Friday should be a big yawn. Economists expect the revised numbers to confirm what we know already — that gross domestic product grew at an annual rate of just 1 percent in the final three months of 2015.
But it would be a mistake to dismiss the release — even if you're off from work for the Easter holiday. That's because the government also will be publishing its first estimate of what happened to company profits in the period. And the news isn't expected to be pretty.