The economy looks weak in the first quarter, but better days are coming

• March 23, 2018
• realestate
• Announcements, Business & Markets, Real Estate, Real Estate Finance, Your Real Estate Life

GDP growth likely will be slow in the first quarter — as low as 1.4 percent, according to a UBS estimate — but should accelerate strongly later in the year.

Bank of America Merrill Lynch sliced its growth estimate from 2.3 percent to 1.7 percent for Q1 but maintained its full-year 2.9 percent forecast.

Earlier this week, the Fed increased its 2018 projection from 2.5 percent to 2.7 percent.