The initial estimate of GDP for the first quarter is schedule to arrive on Friday. The consensus forecast calls for a 2.0% annualized rise, according to TheStreet.com. That would mark a slowdown from 2.5% in last year’s fourth quarter.
Still, 2.0% wouldn’t be the end of the world. But after reading this morning’s 8.4% slump in existing home sales for March, might there be a rationale for thinking that the economy’s growth will be slower than the crowd thinks?