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Friday, July 16, 2021

Q2 GDP Forecasts: Forecasts Down to around 8%

by Calculated Risk on 7/16/2021 12:05:00 PM

From BofA:

[lowered] 2Q GDP growth of 8.5% qoq saar. [July 15 estimate]
emphasis added
From Goldman Sachs:
We lowered our Q2 GDP tracking estimates by ¼pp to +8¼% (qoq ar), reflecting the downward revisions to retail control. [July 16 estimate]
From the NY Fed Nowcasting Report
The New York Fed Staff Nowcast stands at 3.2% for 2021:Q2 and 4.2% for 2021:Q3. [July 16 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 7.5 percent on July 16, down from 7.9 percent on July 9. [July 16 estimate]