Q1 GDP Forecasts: 0.7% to 2.4%

From Merrill Lynch: The data cut our 4Q 2019 GDP tracking estimate by 0.1pp to 2.0% and our 1Q 2020 estimate by 0.3pp to 0.7% qoq saar . [Feb 14 estimate] emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.4% for 2020:Q1 . News from this week's data decreased the nowcast for 2020:Q1 by 0.3 percentage point. [Feb 14 estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2020 is 2.4 percent on February 14 , down from 2.7 percent on February 7. [Feb 14 estimate] CR ......(read more)

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