Thursday, July 27, 2017

2017 Q2 GDP Predictions

Tomorrow, the Bureau of Economic Analysis (BEA) will announce the Advanced Estimate of the 2017 Second Quarter GDP growth rate. The average prediction in the Wall Street Journal's Economic Forecasting Survey with 62 projections from economists is a 2.73% GDP growth rate (quarter over quarter growth at an annualized rate) with a high of 3.4% and a low of 1.6%. Atlanta Fed's GDPNow model is forecasting 2.82%. New York Fed's NowCast model is predicting 2.04%.

The North Star GDP Forecast for the second quarter of 2017 is at 1.96% year over year growth which comes out to 1.12% (quarter over quarter growth at an annualized rate).

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