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Friday, March 22, 2024

Q1 GDP Tracking: Around 2%

by Calculated Risk on 3/22/2024 10:18:00 AM

From BofA:

Since our update last week, 1Q GDP tracking is down two-tenths to 2.2% q/q saar. 4Q tracking remained at 3.5% q/q saar. [Mar 22nd estimate]
emphasis added
From Goldman:
We boosted our Q1 GDP tracking estimate by 0.2pp to +1.9% (qoq ar). Our Q1 domestic final sales growth forecast now stands at +2.2% (qoq ar). [Mar 21st 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 2.1 percent on March 19, down from 2.3 percent from March 14. [March 19th estimate]