Friday's report on growth in the first quarter should show that the economy is strong and no recession in sight @ Forex Factory

From cnbc.com

Expected expectation that GDP in the first quarter will have grown at a healthy 2.5% pace, far from previous estimates of near zero growth.

The first quarter was "sentenced from the start", according to chief Stephen Stanley, Pierpont Amherst. It was a five-week government shutdown, through the end of January; The stock market had a massive sale at the end of December, and freezing cold and bad weather in January and February reduced all sorts of activity.

"Only the development of the forecasts more broadly, perhaps two months ago, people talked about a recession. The reasons are quite clear. … ( full story )