Monday, June 20, 2011

Goldman's Hatzius on US Growth

 June 20 (Bloomberg) -- Goldman’s Jan Hatzius cuts U.S. Q2
growth est. to 2% (annualized) vs 3%; cites decline in the New
York, Philadelphia Fed surveys (Friday).
 * Issues preliminary forecast for manufacturing ISM in June of
   52.0
 * Still expects “a bounceback in Q3 and beyond, but will need
   to see significant improvement in data over the next few
   weeks to maintain that view”: Hatzius

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