• Q2 GDP Forecasts: Forecasts Down to around 8%

    9 days ago - By Calculated Risk

    From BofA: 2Q GDP growth of 8.5% qoq saar.
    emphasis added From Goldman Sachs: We lowered our Q2 GDP tracking estimates by ¼pp to +8¼% , reflecting the downward revisions to retail control. From the NY Fed Nowcasting Report
    The New York Fed Staff Nowcast stands at 3.2% for 2021:Q2 and 4.2% for 2021:Q3. And from the Altanta Fed: GDPNow
    The GDPNow model estimate for real GDP growth in the second quarter of 2021 is 7.5 percent on July 16, down from 7.9 percent on July 9.
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