Goldman Sachs cuts GDP tracking estimate ...Middle East

Goldman Sachs is out with a note taking down its Q1 GDP tracker to 2.5% from 2.9%. They also lowered the Q4 tracker to 3.2% from 3.5% due to economic revisions.Here's what they had to say: Industrial production decreased by 0.1% in January and manufacturing production decreased by 0.5%, both below expectations. The NAHB housing market index increased in February, above consensus expectations for a smaller increase. Business inventories increased in December, directly in line with consensus expectations, and the November growth rate was unchanged. Utilities production rose sharply reflecting severe cold weather, implying a boost to utilities consumption that will offset some of the retail spe

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