by Calculated Risk on 11/17/2023 04:22:00 PM
Friday, November 17, 2023
Q4 GDP Tracking: Close to 2%
From Goldman:
We boosted our Q4 GDP tracking estimate by 0.1pp to +1.9% (qoq ar) and our domestic final sales estimate by 0.1pp to 2.0%. [Nov 17th estimate]And from the Altanta Fed: GDPNow
emphasis added
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.0 percent on November 17, down from 2.2 percent on November 15. [Nov 17th estimate]