Economy could be weaker than expected, and the r
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Economy could be weaker than expected, and the reason is manufacturing!
Industrial production was negative in the first quarter, a signal that first quarter growth could be weaker than expected, says Joseph LaVorgna, Natixis chief economist Americas.
LaVorgna said industrial production correlates closely to GDP and he said its possible GDP could be flat, compared to his forecast of 1% and other economists’ forecast of 2%.
https://www.cnbc.com/2019/04/16/economy-could...tixis.html
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