IHS Chief Economist Nariman Behravesh talks about the final GDP data, and what it indicates about the current U.S. economic outlook. Bobbi Rebell reports.
The US economy contracted in the first quarter but not by as much as an earlier estimate let's get more on what changed from now I am I'm very bash. He is a chief economist at I tests always great to have you sat. Our exodus never is a slight improvement from the earlier estimate what changed in the formula here. I. Thought. I. I. And this never was not a surprise but it's still not good at the end of the day we don't wanna see an economy contracting. What are the factors here. And it is there anything you're that we should be worried about because of fed seems optimistic at least that things are improving in the second quarter. They. Have. To spell. Out what Eric. Which. I. Did. It. Yeah. Oh. Are. So the we. I'm a bit or where. To. So within that how the consumer outlook these days and no lease savings has been up Arenas that's savings going to spending. Yeah. Order. And I. The ball. Oh. I. So. I. Will be in any. It. So as we look at the year we're now moving towards the second half of the air what are your concerns about the US economy. Why is it. Where. She. On. The other core. I. For. Or. China. Those. And finally I do want to get your take on the GDP number it's self and sort of how it's calculated in the port important cents. Being given this is of course the third round estimate that we're looking at now. It's been criticized by a number of economists and including the San Francisco fed what's your take on how much. We should put on this number. And ball. I. 08. I. It. Might. Parry great having you as always thanks so much. Thanks to narron and there at best and Bobbi Rebell this is Reuters.