Posts Tagged ‘forecasts’

A Rare Divergence for GDP Forecasts Highlights Uncertainties

July 19th, 2010 Michael McDonough Comments off

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

Categories: GDP, US Tags: ,