Barclays have hiked US GDP forecast in Q2 to 2.5%

Economists at Barclays have hiked their Q2 tracking estimate by a whopping 0.7 percentage points to 2.5% after the June trade balance report. Last week, the first estimate on Q2 growth from the government was 1.7%. Net trade is a major component of GDP and today's report is a hint at what could be coming if the US oil and gas industry booms.

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