Thursday, April 7, 2022

"Predictions" of 1Q 2022 Real GDP from two sources, usually accurate after the quarter ends, are for slow growth. The first official estimate is in two weeks.

 One source claims Real GDP declined in February 2022 after good growth in January. They do not have a "prediction" for March:



Source of  table above:
https://cdn.ihsmarkit.com/www/pdf/1020/US-Monthly-GDP-Current-Index.pdf
 

The Federal Reserve Bank of Atlanta's GDP Now "predicts"   a 0.9% annual rate. They will provide a revised "prediction" tomorrow, but they rarely change much after the quarter has ended. 


Source of chart above:

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