Friday, April 13, 2018

Q1 GDP Forecasts

by Bill McBride on 4/13/2018 03:29:00 PM

Here are few Q1 GDP forecast.

From Merrill Lynch:

We continue to track 1.8% for 1Q GDP. [April 13 estimate].
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 2.0 percent on April 10, down from 2.3 percent on April 5. [April 10 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 2.8% for 2018:Q1 and 2.9% for 2018:Q2. [April 13 estimate]
CR Note: It looks like another quarter around 2% or so, although there might still be some residual seasonality in the first quarter.