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GOLDMAN’S CAI: ECONOMIC GROWTH IS STABLE

Jan Hatzius was on CNBC earlier today to discuss a new economic growth metric that Goldman Sachs is utilizing.  According to Goldman, this index is superior to the government’s GDP metric as it measures a broader array of data.  What is it telling us right now? Hatzius explains:

“The reason why we think it’s useful to look at as one — one part of the tool kit is that it takes into account a broader range of information than just gdp. And right now it says that growth in the first quarter is probably stronger than whatever the government is going do publish at the end of this month.”

Source: CNBC

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