Macroeconomic Advisers now forecasting Q1 GDP of +3.1%

Just a few days ago Macroeconomic Advisers (MA) was expecting Q1 GDP to come in at only +2.6%, but now they are forecasting annualized real GDP growth of +3.1% for Q1. But, they lowered their forecast for Q2 from +2.5% to +2.4%.

 

A decent retaill sales report for March bumped the Q1 forecast upwards. We will get an initial official read for Q1 GDP in a couple of weeks.

 

We already knew that Q1 was semi-decent anyway, and this latest forecast only underlines the concern about a possible deceleration in Q2.

-- Jack Krupansky