In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Friday, November 17, 2023

Q4 GDP Tracking: Close to 2%

by Calculated Risk on 11/17/2023 04:22:00 PM

From Goldman:

We boosted our Q4 GDP tracking estimate by 0.1pp to +1.9% (qoq ar) and our domestic final sales estimate by 0.1pp to 2.0%. [Nov 17th estimate]
emphasis added
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.0 percent on November 17, down from 2.2 percent on November 15. [Nov 17th estimate]