Wednesday, February 10, 2010
Wells Fargo Raises Estimate for First Quarter Growth, Reduces Others
"We expect real GDP to rise at a 3.7 percent annual rate during the current quarter. Business inventories are expected to move back into positive territory for the first time in two years, adding 1.2 percentage points to first quarter growth. Final demand is growing much more modestly. Real final sales are expected to rise at a 2.0 percent annual rate, marking the fourth consecutive quarterly increase."
Read the full report > > >