US: Q2 GDP to unveil a minor deceleration in growth – TD Securities

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, the second release of Q2 GDP figures for the US is expected to unveil a minor deceleration in growth to a still above-trend 2.0% rate, down 0.1pp from the advance release.

Key Quotes

“Separately, the advance goods trade balance likely remained unchanged at the start of Q3, posting a deficit at USD -74.4bn in July. This would stand modestly below the average for Q2, suggesting an initial drag by the external sector on Q3 activity.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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