Monday, April 16, 2012

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.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home