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Q1 GDP Forecasts: Moving Down

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by Calculated Risk on 3/04/2022 12:35:00 PM

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]
emphasis added

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 0.0 percent on March 1, down from 0.6 percent on February 25. [March 1 estimate]

Key Words: Mitch McConnell says ‘no question’ Ketanji Brown Jackson is qualified for the Supreme Court

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