6/8/12, "Goldman Cuts Q2 GDP Estimate From 2.0% To 1.8%," Zero Hedge
"Just as predicted earlier, the GDP downgrades begin.
"We revised down our Q2 GDP tracking estimate by two tenths to +1.8% (quarter-over-quarter, annualized) from +2.0% previously. The downward revision primarily reflects weaker-than-expected real export growth in April. This was partly offset by stronger than expected wholesale inventories, which increased by 0.6% (month-over-month) in April.""