Q1 GDP Forecasts

It is early, but here are few Q1 GDP forecast. From Merrill Lynch: The weak retail sales data sliced 0.3pp from our 1Q estimate to 2.0% , while 4Q 2017 dropped to 2.5% from 2.7%. And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 3.2 percent on February 16, unchanged from February 14. From the NY Fed Nowcasting Report The New York Fed Staff Nowcast for 2018:Q1 stands at 3.1% . CR Note: It looks likely that GDP will be 2% to low 3% range again in Q1....(read more)

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