Wednesday, April 11, 2012

Q1 GDP probably at 2.6% and Q2 probably at 2.5% growth

As of April 10, 2012, Macroeconomic Advisers (MA) is now forecasting that annualized real GDP growth for Q1 will come in at +2.6%, a bit higher than their forecasts during the quarter (1.8% to 2.2%.)
 
They are also forecasting Q2 GDP to come in at +2.5%.
 
In other words, no sign of a recession, yet. That is not to say that a recession could not start late in Q2, but simply that the bulk of the first half of the year will be recession-free.

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