Macroeconomic Advisers forecasting Q3 GDP growth of 1.6% and Q4 growth of 2.0%

As of Friday, October 8, 2010, Macroeconomic Advisers, the group which provides the data on monthly GDP for the National Bureau of Economic Research (NBER) Business Cycle Dating Committee (BCDC), is currently forecasting that annualized real GDP for Q3 will come in at +1.6%, up a little from an earlier forecast of +1.4%, and annualized real GDP growth for Q4 of +2.0%. Annualized real GDP growth for Q2 was +1.6%. These are rather sluggish growth rates, well below the 2.5% rate that most people would consider the minimum for a healthy economy. Nonetheless, the economy is still growing and recovering from the financial crisis and recession of 2008.

Those "hoping" for a double-dip recession will continue to be disappointed.

-- Jack Krupansky