Barclays Sees GDP Growth of 5% in Q1 2010
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Barclays Capital raised its U.S. GDP forecast and expects growth to pick up 5% in the first quarter of 2010 before settling into a more sustainable, but still above-trend, pace.
The firm said 5% growth seem outrageous, but it is not by historical standards.
On Federal Reserve rate hikes, the firm expects the first to occur in the third quarter of 2010.
The firm said 5% growth seem outrageous, but it is not by historical standards.
On Federal Reserve rate hikes, the firm expects the first to occur in the third quarter of 2010.
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