by Calculated Risk on 3/04/2022 12:35:00 PM
Friday, March 04, 2022
Q1 GDP Forecasts: Moving Down
From BofA:
This week’s data pushed up 4Q GDP tracking to 7.4% qoq saar from 7.0%, but lowered 1Q GDP tracking to 1.6% from 2.5%. [March 4 estimate]And from the Altanta Fed: GDPNow
emphasis added
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2022 is 0.0 percent on March 1, down from 0.6 percent on February 25. [March 1 estimate]