Economics
What Economists Are Saying Ahead of Friday's U.S. GDP Report
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White House economic adviser Lawrence Kudlow is expecting a “very good” number for second-quarter U.S. growth, while one economist has warned that the pace of expansion is “close to a peak.” Either way, analysts are largely projecting that the main number in Friday’s report on gross domestic product will be a standout.
The median estimate of economists surveyed by Bloomberg is for an annualized growth rate of 4.2 percent, which would be the fastest since the third quarter of 2014. Projections range from 3 percent to 5 percent. Here’s what some of the forecasters say ahead of the Commerce Department figures due at 8:30 a.m., which will also include comprehensive revisions to historical GDP numbers: