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Friday, May 21, 2021

Q2 GDP Forecasts: Around 10%

by Calculated Risk on 5/21/2021 11:36:00 AM

From Merrill Lynch:

Our 2Q GDP tracking remains at 11% qoq saar. [May 21 estimate]
emphasis added
From Goldman Sachs:
We left our Q2 GDP tracking estimate unchanged at +10.5% (qoq ar). [May 21 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 4.6% for 2021:Q2. [May 21 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2021 is 10.1 percent on May 18, down from 10.5 percent on May 14. [May 18 estimate]