Q3 GDP Forecasts - InvestingChannel

Q3 GDP Forecasts

From Goldman Sachs:

We lowered our Q3 GDP tracking estimate by one tenth to +3.2% [Aug 16 estimate].
emphasis added

From Merrill Lynch:

We nudged down 3Q GDP tracking by a tenth to 3.3%. [Aug 15 estimate].

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.3 percent on August 16, unchanged from August 15 after rounding. [Aug 16 estimate]

From the NY Fed Nowcasting Report

The New York Fed Staff Nowcast for 2018:Q3 stands at 2.4%. [Aug 17 estimate]

CR Note: Since it is early, the range of estimates are wide.  These estimates suggest real annualized GDP in the 2.4% to 4.3% range 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