With various extremely well paid sell-side economist slashing Q1 expectations for growth even further, we though it would be worth a glance at the ever-rising estimates for Q2 (that Goldman started this morning [2]). Consensus for Q2 has now spiked to +3.3% (its highest since tracking began) as the Keynesian hockey-stick-believers have gone full bounce-tard now...
Well they did nail Q1!!
[3]
Chart: Bloomberg