Cramer Predicts Q2 GDP Growth of Just 0.5%, Well Below Economist Estimate of 1.4%
On this afternoon's Stop Trading!, Jim Cramer emphatically predicted that the Commerce Department will post Q2 growth of just 0.5% when it reports its second reading of US GDP tomorrow at 8:30am ET.
Following the Bureau of Economic Analysis' (a smaller committee within the Commerce Department) initial Q2 reading of 2.4% on July 30, economists are now looking for a revised number rather sharply below the first reading, 1.4%.
GET THE HOTTEST RESEARCH CALLS ON THE STREET- FREE TRIAL!
Create E-mail AlertRelated Categories
Analyst CommentsEconomic Data
Trader Talk
Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
