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JP Morgan economists have revised...>

US DATA PREVIEW
US DATA PREVIEW: JP Morgan economists have revised their Q1 GDP growth
projection lower, "from 2.25% to 2.0%" citing "downward revision is the economic
impact of the ongoing shutdown of the federal government" ... as each week the
US Gov is closed "subtracts 0.1-0.2% from quarterly GDP growth." If the
"shutdown is resolved before the end of this quarter then that would imply a
lift to Q2 GDP growth (though cumulative output over the first two quarters will
be lower than otherwise). Nonetheless, we are leaving our Q2 GDP growth forecast
unrevised, also at 2.0%."

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