Q3 GDP Forecasts - InvestingChannel

Q3 GDP Forecasts

From Merrill Lynch:

Hurricane Harvey may end up being the most expensive natural disaster in history. We expect to see the impact of Harvey in upcoming economic releases, including jobless claims, manufacturing and consumer-related data. Factoring in Harvey, we take down our 3Q GDP tracker by 0.4pp to 2.5%. Hurricane Irma may be an additional drag.
emphasis added

From the Altanta Fed: GDPNow

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.0 percent on September 8, up from 2.9 percent on September 6. The forecast of the contribution of inventory investment to third-quarter real GDP growth increased from 0.87 percentage points to 0.94 percentage points after this morning’s wholesale trade report from the U.S. Census Bureau.

From the NY Fed Nowcasting Report

The New York Fed Staff Nowcast stands at 2.1% for 2017:Q3 and 2.6% for 2017:Q4.

CR Note: Looks like real GDP growth will probably be in the 2s in Q3.

Related posts

Idiocy in Spain: Bank Proposal to Build More Houses, Issue More Mortgages, Despite Massive Inventory and Enormous Drop in Sales

Mish Global Economic Trend Analysis

Sky City: China to Build World’s Tallest Building, 220 Stories, in 90 Days

Mish Global Economic Trend Analysis

It’s No Wonder People Don’t Understand the “Public” Debt

Angry Bear

EU Budget Laugh of the Day “No One Is Discussing Quality”

Mish Global Economic Trend Analysis

Via Barry Ritholtz’s  Big Picture comes this PBS six minute …

Angry Bear

Politics and Specific Policies

Angry Bear