GDP Growth Below Wall Street Estimates

April 28, 2017 Seth Welborn

The Bureau of Economic Analysis Q1 GDP growth estimate was below the Wall Street estimate for the quarter, but in the opinion of Brett F Ewing and S. Lance Mitchell, Chief Market Strategist and Research Director (respectively) for First Franklin Financial Services, it is an “inflection point” for the economy in the midst of a tight labor market. Experts said that the slower growth was an "inevitable reversal" following the high growth of Q4 2016.

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