cover of episode UBS On-Air: Paul Donovan Daily Audio 'Ill-educated guesswork'

UBS On-Air: Paul Donovan Daily Audio 'Ill-educated guesswork'

2023/4/27
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

Frequently requested episodes will be transcribed first

Shownotes Transcript

The US will deliver an ill-educated guess at how fast the US economy grew in the first quarter, with the first estimate of GDP. This number will be revised for years to come, and may well end up having little resemblance to today’s release. None of this will stop the breathless sensationalism of media reporting, nor politicians spinning the data right round (like a record).