Q4 GDP Forecasts: 0.6% to 2.0%

From Goldman Sachs: [W]e lowered our Q4 GDP tracking estimate by one tenth to +1.8% (qoq ar) [Dec 5 estimate] emphasis added From Merrill Lynch This week, our ... 4Q GDP tracking estimate edged down by 0.1pp to 1.6% on weaker than expected residential spend in Oct. [Dec 6 estimate] From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 0.6% for 2019:Q4 and 0.7% for 2020:Q1. [Dec 6 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the f ourth quarter of 2019 is 2.0 percent on December 6, up from 1.5 ......(read more)

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