by Calculated Risk on 2/25/2022 12:58:00 PM
Friday, February 25, 2022
Q1 GDP Forecasts: Around 2%
From BofA:
We continue to track 2.5% qoq saar for 1Q GDP. [February 25 estimate]From Goldman Sachs:
emphasis added
We boosted our Q1 GDP forecast by 1.5pp to +2.0% (qoq ar) [February 21 estimate]And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2022 is 0.6 percent on February 25, down from 1.3 percent on February 17. After this morning’s personal income and outlays report from the US Bureau of Economic Analysis, the nowcast of first-quarter real personal consumption expenditures growth decreased from 3.2 percent to 1.6 percent. [February 25 estimate]