Thursday, October 26, 2017

2017 Q3 GDP Predictions

Tomorrow, the Bureau of Economic Analysis (BEA) will announce the Advanced Estimate of the 2017 Third Quarter GDP growth rate. The average prediction in the Wall Street Journal's Economic Forecasting Survey with 59 projections from economists is a 2.38% GDP growth rate (quarter over quarter growth at an annualized rate) with a high of 3.2% and a low of 1.5%. Atlanta Fed's GDPNow model is forecasting 2.52%. New York Fed's NowCast model is predicting 1.46%.

The North Star GDP Forecast for the third quarter of 2017 is at 1.64% (QoQ) or 1.92% year over year growth.

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