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Friday, April 08, 2022

Q1 GDP Forecasts: Around 1%

by Calculated Risk on 4/08/2022 12:39:00 PM

From BofA:

Our 1Q GDP tracking estimate remains unchanged at 0.4% qoq SAAR. [April 8 estimate]
emphasis added
From Goldman:
[W]e left our Q1 GDP tracking estimate unchanged at +1.0% (qoq ar). [April 6 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2022 is 1.1 percent on April 8, up from 0.9 percent on April 5. After this morning's wholesale trade release from the US Census Bureau, the nowcast of first-quarter real gross private domestic investment growth increased from -1.0 percent to -0.1 percent. [April 8 estimate]