Tomorrow, the Bureau of Economic Analysis (BEA) will announce the Third Estimate of the 2017 First Quarter GDP growth rate. The average prediction in the Wall Street Journal's Economic Forecasting Survey, with 54 economists responding, is a 1.20% GDP growth rate (quarter over quarter growth at an annualized rate) with a high of 2.0% and a low of 0.8% (this is up from last month's average prediction of 0.89%). The Second Estimate of the 2017 First Quarter GDP growth rate announced on May 26 was 1.15%.
The North Star GDP Forecast for the first quarter of 2017 is at 1.99% year over year growth which comes out to 0.96% (quarter over quarter growth at an annualized rate) down from last month's Forecast of 1.32% (QoQ). The North Star GDP Estimate for the second quarter of 2017 is 1.95% year over year growth (or 1.27% QoQ).
