Macroeconomic Advisers forecasting 3.1% GDP growth for Q4

As of today (11/15), Macroeconomic Advisers (MA) is now forecasting annualized real GDP growth of +3.1% for Q4. Just a week ago they expected Q4 GDP growth of +2.6%. They are also forecasting revised Q3 GDP growth of 2.2%.

 

GDP tends to be fairly volatile from quarter to quarter, so even a solid 3.1% growth in Q4 does not indicate what we could expect in Q1 of 2012 or beyond.

 

Still, a forecast of 3.1% GDP growth in Q4 is a very good thing.

-- Jack Krupansky