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Friday, November 29, 2019

Q4 GDP Forecasts: 0.8% to 2.0%

by Calculated Risk on 11/29/2019 11:28:00 AM

From Goldman Sachs:

[W]e lowered our Q4 GDP tracking estimate by one tenth to +2.0% (qoq ar). (qoq ar). [Nov 27 estimate]
emphasis added
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 0.8% for 2019:Q4. [Nov 29 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 1.7 percent on November 27, up from 0.4 percent on November 19. [Nov 27 estimate]
CR Note: These early estimates suggest real GDP growth will be between 0.8% and 2.0% annualized in Q4.