Q1 GDP Forecasts: Around 2%

From Merrill Lynch: We continue to track 1.9% for 1Q GDP growth. [April 12 estimate] emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.4% for 2019:Q1 and 2.0% for 2019:Q2. [Apr 12 estimate]. And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 2.3 percent on April 8, up from 2.1 percent on April 2. [Apr 8 estimate] CR Note: These estimates suggest real GDP growth will be around 2% annualized in Q1....(read more)

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