Image source: Pixabay

Accounting for gold, GDPNow for Q1 is at +0.4%.

(Click on image to enlarge)

Figure 1: GDP (black), GDPNow (red triangle), GDPNow adjusted for gold imports by Atlanta Fed (brown square), NY Fed (blue square), Goldman Sachs (inverted green triangle), Survey of Professional Forecasters (light blue), all in billion Ch.2017$ SAAR. Source: BEA, Atlanta Fed, Philadelphia Fed, NY Fed, Goldman Sachs and authors calculations.

Here’s the worksheet:

(Click on image to enlarge)

Source: Higgins/Atlanta Fed.

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