13.11.2008 20:21

JPM: GDP is tracking -0.7%


JPM economist Abiel Reinhart says Q3 GDP is tracking -0.7%. He says "September hurricanes may have disrupted exports passing through Gulf Coast ports. Nonetheless, September does not appear to have been a good month for exports, which is likely a sign of things to come. Foreign growth has slowed and the value of the dollar has increased, both of which should damp export growth in future quarters."






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