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Friday, March 08, 2024

GDP Tracking: Low 2% Range

by Calculated Risk on 3/08/2024 02:34:00 PM

From BofA:

Since our update last week, 1Q GDP tracking is down two-tenths to 2.3% q/q saar, and 4Q GDP tracking is up a tenth to 3.3% q/q saar from its second estimate print of 3.2% q/q saar. [Mar 8th estimate]
emphasis added
From Goldman:
We left our Q1 GDP tracking estimate unchanged after rounding at +2.2% (qoq ar) and our Q1 domestic final sales forecast also unchanged at +2.5% (qoq ar). [Mar 6th estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.5 percent on March 7, unchanged from March 6. [March 7th estimate]