In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Sunday, April 09, 2023

Q1 GDP Tracking: Around 2%

by Calculated Risk on 4/09/2023 12:51:00 PM

From BofA:

On net, since the last weekly publication, our 1Q US GDP growth tracking estimate rose from 0.8% q/q saar to 1.6% q/q saar [Apr 7th estimate]
emphasis added
From Goldman:
[W]e lowered our Q1 GDP tracking estimate by 0.3pp to +2.3% (qoq ar)). [Apr 5th estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2023 is 1.5 percent on April 5, down from 1.7 percent on April 3. [Apr 5th estimate]