Lori Helwing

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BofA Sees Residential Investments Feeding Greener Shoots

Jul 02, 2009By

Economic growth in the second half of the year is expected to come in “substantially” above previous consensus, according to economic commentary this week from Bank of America/Merril Lynch analysts. Lori Helwing, an economist at BofA/Merrill Lynch, says the analysts there now expect a 2.1% slip in real gross domestic product (GDP) in 2009, 30 bps improved from the old -2.4% estimate. The US economics team also expects 2.6% growth in real GDP in 2010, up significantly from the old 1.8% estimate. The revised projections come as the analysts see residential investment starting to bounce back.

3d rendering of a row of luxury townhouses along a street

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