Analysts at Scotia bank believe that the US GDP growth is likely to be stronger in the first quarter despite the impact of the government shutdown. The US Q1 GDP report is due to be published later today at 1230 GMT. Key Quotes: “How soft was the soft patch? By historical standards, it might not have been terribly soft after all. “Scotiabank Economics estimates that Q1 GDP growth was probably at about 2% and possibly stronger. ‘Nowcast’ model run by Scotia ‘… estimate of 2.4%. Atlanta Fed’s ‘nowcast’ is at 2.8. “¦ but nowcasts that are based upon longer-run models don’t fully account for the effects of the US government shutdown. Shutdown influences would knock 0.4% off Q1 according to the CBO’s estimate. CBO estimates that ending the shutdown could add 1% to GDP growth in Q2.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY: Back above 200-day MA, Japan’s industrial production drops at fastest pace since 2015 FX Street 4 years Analysts at Scotia bank believe that the US GDP growth is likely to be stronger in the first quarter despite the impact of the government shutdown. The US Q1 GDP report is due to be published later today at 1230 GMT. Key Quotes: "How soft was the soft patch? By historical standards, it might not have been terribly soft after all. "Scotiabank Economics estimates that Q1 GDP growth was probably at about 2% and possibly stronger. 'Nowcast' model run by Scotia '... estimate of 2.4%. Atlanta Fed's 'nowcast' is at 2.8. "¦ but nowcasts that are based upon… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
