Q3 GDP Forecasts: Around 2.0%

From Merrill Lynch: We expect 2Q GDP to be revised slightly higher to 2.1% qoq saar in the final release. 3Q GDP tracking remains at 2.0% qoq saar . [Sept 20 estimate] emphasis added From Goldman Sachs: [W]e left our Q3 GDP tracking estimate unchanged on a rounded basis at +2.2% (qoq ar) . [Sept 19 estimate] From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 2.2% for 2019:Q3 and 2.0% for 2019:Q4. [Sept 20 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 1.9......(read more)

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