Further US GDP downgrade possible next week - ING

FXStreet (Łódź) - According to the ING team of economists, following last week’s Fed meeting and amid renewed concern over inflation, US newsflow might actually be rather sobering.

Key quotes

"The US releases its third and “final” release for 1Q14 GDP and, following disappointing trade figures for March, there is likely to be a further downgrade, taking the quarter closer to a -2% result versus the current -1.0% print."

"This will make the arithmetic for a strong overall 2014 very challenging, in our view."