Friday, March 15, 2019

Q1 GDP Forecasts: Slightly Positive

by Calculated Risk on 3/15/2019 12:54:00 PM

From Goldman Sachs:

We lowered our Q1 GDP tracking estimate by two tenths to +0.4%. [March 15 estimate]
emphasis added
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 1.4% for 2019:Q1 and 1.5% for 2019:Q2. [Mar 15 estimate].
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.4 percent on March 13, up from 0.2 percent on March 11. [Mar 13 estimate]
CR Note: These early estimates suggest GDP will be slightly positive in Q1.