Friday, January 08, 2021

Q4 GDP Forecasts

by Calculated Risk on 1/08/2021 12:50:00 PM

From Goldman Sachs:

We left our Q4 GDP tracking estimate unchanged at +5.0% (qoq ar). [Jan 8 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 2.2% for 2020:Q4 and 5.5 for 2021:Q1 [Jan 8 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2020 is 8.7 percent on January 8, up from 8.5 percent on January 7. [Jan 8 estimate]