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Friday, April 01, 2022

Q1 GDP Forecasts: Barely Positive

by Calculated Risk on 4/01/2022 11:11:00 AM

From BofA:

Our 1Q GDP tracking estimate fell by 0.6ppt to 0.4% qoq SAAR as real personal spending was weaker than we expected. [April 1 estimate]
emphasis added
From Goldman:
Following today’s data,we left our Q1 GDP tracking estimate unchanged at +0.5% (qoq ar). [March 31 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 1.3 percent on March 31, up from 0.9 percent on March 24. [March 31 estimate]