by Calculated Risk on 1/07/2022 03:23:00 PM
Friday, January 07, 2022
Q4 GDP Forecasts: Moving Down
From BofA:
Our forecast for retail sales to contract in December led us to lower our 4Q GDP tracking estimate down to 5.5% qoq saar from 6.0% previously. [January 7 estimate]From Goldman Sachs:
emphasis added
We left our Q4 GDP tracking estimate unchanged at +7.0% (qoq ar). [January 6 estimate]And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2021 is 6.7 percent on January 6, down from 7.4 percent on January 4. [January 6 estimate]