Friday, June 22, 2018

Q2 GDP Forecasts

by Bill McBride on 6/22/2018 11:19:00 AM

From Merrill Lynch:

We continue to track 3.7% for 2Q GDP growth [June 22 estimate].
emphasis added
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.7 percent on June 19, down from 4.8 percent on June 14. [June 19 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 2.9% for 2018:Q2 and 2.6% for 2018:Q3. [June 22 estimate]
CR Note: This is still quite a range.   These estimates suggest real annualized GDP in the 2.9% to 4.7% range in Q2.