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Friday, May 20, 2022

Q2 GDP Forecasts: 2.5% to 3.0%

by Calculated Risk on 5/20/2022 01:21:00 PM

From BofA:

We have revised down our GDP forecast for 2022 and 2023 to 2.6% and 1.5% from 2.7% and 1.8% previously. [Q2 3.0% revised down from 3.5%] [May 20 estimate]
emphasis added
From Goldman:
we left our Q2 GDP tracking estimate unchanged at +2.6% (qoq ar) and our past-quarter GDP tracking estimate for Q1 unchanged at -1.5%. [May 19 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is 2.4 percent on May 18, down from 2.5 percent on May 17. [May 18 estimate]