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Q1 GDP Forecasts: Around 2%

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by Calculated Risk on 2/25/2022 12:58:00 PM

From BofA:

We continue to track 2.5% qoq saar for 1Q GDP. [February 25 estimate]
emphasis added

From Goldman Sachs:

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]

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