3 ms·
Q2 GDP is estimated to come in at 2.3%, aka no recession: https://www.atlantafed.org/cqer/research/gdpnow https://www.atlantafed.org/cqer/research/gdpnow This
by CGMthrowaway 1y ago
Q2 GDP is estimated to come in at 2.3%, aka no recession: https://www.atlantafed.org/cqer/research/gdpnow https://www.atlantafed.org/cqer/research/gdpnow
This estimate was produced today (May 8), and represents increasing GDP growth vs. the previous estimate
- borvo 1y agoIn January their model estimated 2.4% https://web.archive.org/web/20250107140003/https://www.atlantafed.org/cqer/research/gdpnow https://web.archive.org/web/20250107140003/https://www.atlan... The model is likely based on fundamental economic factors and rational decision making. The latter is why Q1 ended up with -0.3% growth. You could call this the Trump effect.
- zhivota 1y agoHilarious because 10 days ago it was -2.7%: https://www.atlantafed.org/cqer/research/gdpnow/archives https://www.atlantafed.org/cqer/research/gdpnow/archives This wild of a swing makes me re-assess depending on this data for anything.
- sandinmyjoints 1y agoThat was for Q1, not Q2.
- zhivota 1y agoAh fair, though it seems the real number was -0.3% so still not really useful... being off by 2.4 on a number that has a historical range of [-5, 5] or so is not great.
- ModernMech 1y agoPhew, thank God. Crisis averted. Christmas is saved!