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Friday, August 09, 2019

Q3 GDP Forecasts: 1.6% to 1.9%

by Calculated Risk on 8/09/2019 11:17:00 AM

From Merrill Lynch:

We continue to track 1.8% for 2Q GDP and 1.7% for 3Q. [Aug 9 estimate]
emphasis added
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 1.6% for 2019:Q3. [Aug 9 estimate].
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is 1.9 percent on August 8, unchanged from August 2. [Aug 8 estimate]
CR Note: These early estimates suggest real GDP growth will be in the high 1% range annualized in Q3.