Skip to content

A Rare Divergence for GDP Forecasts Highlights Uncertainties

Written by

MikeMcD82

Taking a random sampling of 2Q GDP forecasts for Bloomberg we can see the uncertainty facing the release schedule for 7/30.  Weaker than expected trade and and inventory data are the primary culprits behind the uncertainty, and I imagine more banks will revise down their forecasts as we move closer to the release.  Presently, I believe the market will be lucky to see the q/q annualized growth rate exceed 3.0%, and anticipate the release will come in closer to 2.7%.

Source: Bloomberg

Previous article

An Old Radio Piece

Next article

Future Updates

Join the discussion

Leave a Reply

Your email address will not be published. Required fields are marked *