Tomorrow, the Bureau of Economic Analysis (BEA) will announce the Second Estimate of the 2017 First Quarter GDP growth rate. The average prediction in the
Wall Street Journal's Economic Forecasting Survey of 50 economists is a 0.89% GDP growth rate (quarter over quarter growth at an annualized rate) with a high of 3.6% and a low of 0.5% (this is down from last month's average prediction of 1.42%). The Advanced Estimate of the 2017 First Quarter GDP growth rate announced on April 28 was 0.69%.
The North Star GDP Forecast for the first quarter of 2017 is at 2.08% year over year growth which comes out to 1.32% (quarter over quarter growth at an annualized rate) up from last month's Forecast of 0.74% (QoQ). The North Star GDP Estimate for the second quarter of 2017 is 2.08% year over year growth (or 1.40% QoQ).
