Market Focus

On Friday, April 27, 2018, attention should be paid to the preliminary data on the US GDP. Quarterly dynamics of percent of GDP shows the growth rate of the economy as a whole. Consumption today is the largest component of the US GDP and has the greatest impact on it.

According to the forecast, GDP growth in the first quarter will slow to 2.3%, which is lower than the previous value of 2.9%. The GDP deflator in the first quarter will be 2.1%, which is lower than the previous value at the level of 2.3%. In case of data release within the forecast, the US dollar will be under pressure, against which the reduction of the US currency within 30-40 points is expected.

Alexander Sivtsov