US: Q1 GDP is expected to be revised to 1.0% - BBH

Research Team at BBH, suggests that the Q1 US GDP is expected to be revised to 1.0%, twice the initial estimate, though still disappointing.

Key Quotes

“The second quarter is promising to be considerably better. May personal consumption is expected to be consistent with around a 3.5% quarterly annualized pace. If the other GDP components are a wash, Q2 GDP would be around 2.5% GDP. June auto sales may be flat on a sequential basis but remain at elevated levels.”

Jun 27, 2016

Canada: Annualized Q2 growth currently tracking around -0.8% to -1.0% - TDS

Research Team at TDS, suggests that a limited rebound in April activity highlights the ongoing challenges facing the Canadian economy in Q2. Key Quot

Japan: Downside risks on the Tankan’s headline Large Manufacturers index - TDS

Research Team at TDS, suggests that Japan’s Tankan will serve as an important input into the BoJ’s thinking ahead of their policy meeting later next m