Q3 GDP Forecasts: Around 2%

From Merrill Lynch: We continue to track 2.1% qoq saar for 3Q . 2Q GDP growth is likely to be revised modestly lower in the second release to 1.8% from the advance estimate of 2.1%. [Aug 23 estimate] emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.8% for 2019:Q3 . [Aug 23 estimate]. And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is 2.2 percent on August 16 , unchanged from August 15 after rounding. [Aug 16 estimate] (next update on Aug 26th) CR Note: These ......(read more)

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