Trade Deficit: Wall Street and Overcast Morning

trade deficit: Economists have been busy ratcheting up their estimates for first-quarter gross domestic product after a series of signs that growth sped up toward the end of the period, according to Market Watch. Bright spots included a rebound in consumer spending, a declining U.S. trade deficit and a rock-solid labor market. Like the sun breaking through gray clouds on an overcast morning, the U.S. economy is starting to shine again. One of Wall Street's top forecasters, Macroeconomic Advisers, has lifted its GDP estimate to 2.8% from just a little over 1% a month ago. The first look at GDP comes out Friday morning. Other Wall Street firms have done the same. (news.financializer.com). As reported in the news.