employment, in housing. so things are kind of soft out there discounting the whole mess in washington. >> so for the gdp number, nariman, what are you looking for? >> we're saying 1.8 for the third quarter. and we think it might get softer for the fourth quarter. so the second half of the year we're barely over 1.5%. so, again, not good in terms of -- >> but we have a bunch of excuses for that. >> sure, of course. but still, it's not good. >> and what's the real back -- factoring all that stuff out or can we not factor it out on? maybe it did affect us. >> it's what i called inside the beltway versus outside the beltway. outside the beltway, the economy is growing 2.5%. but when you factor in the inside the beltway mess, 1.5%, basically. >> nariman, what do you think for the first quarter of next year? is this a continued slump or do you think there's a quick rebound? >> i think we will see a rebound for two reasons. one, there's a bit of a bounceback and we'll start to see that underlying strength. we could easily see between 2.5% and 3% in the first quarter. >> all right.
Fetching more results