Deutsche Bank warn that negative US growth could be seen in H1 2015
Business Insider carry a note from Deutsche Bank that says the US economy could fall into the negative for the first half of this year
The note is from DB's Jim Reid who says that Q1 could be revised down to -1.0% and that the Atlanta Fed's Q2 forecast of 0.7% makes a distinct possibility of seeing a recession. He adds that the market is still looking for around 2.5% for Q2 GDP
Virtually all the main movers and shakers have pulled down their Q1 revisions to a negative number. Bloomberg have the highest forecast at -0.2% and the lowest at -1.2%. The median forecast is for -0.9%
Unless the data picks up markedly in the next few weeks we're really going to start to hear the recession word bandied about more frequently and that's going to knock the hawks and dollar bulls right out of the tree
