Chart: Some GDP Nowcasts

Menzie Chinn
By Menzie Chinn of Econbrowser.com
Professor of Public Affairs and Economics at the University of Wisconsin •

GDP growth in Q1 has been lower in the past years, few consistent with residual seasonality.

GDP growth in Q1 has been lower in the past years, few consistent with residual seasonality. 

(Click on image to enlarge)

Figure 1: Real GDP growth, actual (bold black), forecast of NY Fed Nowcast 3/16 (green), Atlanta Fed GDPNow 3/16 (red), Goldman-Sachs 3/19 (red), Macroeconomic Advisers 3/16 (blue), Merrill Lynch 3/19 (blue), q/q SAAR. Source: CR, Macro Advisers, Goldman-Sachs.

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