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Friday, April 12, 2024

Q1 GDP Tracking: Around 2%

by Calculated Risk on 4/12/2024 11:04:00 AM

From BofA:

Since our update last week, 1Q GDP tracking is down one-tenth to 1.9% q/q saar. [Apr 12th estimate]
emphasis added
From Goldman:
We left our Q1 GDP tracking estimate unchanged at +2.5% (qoq ar) and our Q1 domestic final sales forecast unchanged at +2.6% (qoq ar). [Apr 10th 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 2.4 percent on April 10, down from 2.5 percent on April 4. [April 10th estimate]