Friday, July 12, 2019

Q2 GDP Forecasts: Around 1.5%

by Calculated Risk on 7/12/2019 11:19:00 AM

From Merrill Lynch:

We continue to track 1.7% for 2Q GDP growth. [July 12 estimate]
emphasis added
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 1.5% for 2019:Q2 and 1.8% for 2019:Q3. [July 12 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 1.4 percent on July 10, up from 1.3 percent on July 3. [July 10 estimate]
CR Note: These estimates suggest real GDP growth will be around 1.5% annualized in Q2.