Sunday, May 12, 2019

Q2 GDP Forecasts: Around 2%

by Calculated Risk on 5/12/2019 09:55:00 AM

From Merrill Lynch:

We are tracking 3.0% for 1Q GDP. ... 2Q remains at 2.1%. [May 10 estimate]
emphasis added
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 2.2% for 2019:Q2. [May 10 estimate].
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2019 is 1.6 percent on May 9, down from 1.7 percent on May 3. [May 9 estimate]
CR Note: These early estimates suggest real GDP growth will be around 2% annualized in Q2.