Skip to comments.Atlanta Fed: GDP growth forecast for Q2 eases to 4.5%
Posted on 06/27/2018 9:25:53 AM PDT by Red Badger
"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.5 percent on June 27, down from 4.7 percent on June 19," the Federal Reserve Bank of Atlanta said in its latest GDPNow report.
The nowcast of real residential investment growth declined from 2.9 percent to 0.6 percent after the existing-home sales release from the National Association of Realtors on Wednesday, June 20, and the U.S. Census Bureau's releases on new-home sales and costs on Monday, June 25. After this morning's advance releases on durable manufacturing, inventories, and international trade in goods from the Census Bureau, the nowcasts of the contributions of inventory investment and net exports to second-quarter real GDP growth changed from 0.87 percentage points and 0.39 percentage points, respectively, to 0.46 percentage points and 0.66 percentage points, respectively.
Talking down the economy...............
The communist usurper’s best year was 2.9% growth. I’m still not tired of winning, not under a real President of the United States.
If it comes in at 3.5%, it will be wonderful news, 4.5% will blow the doors off of the demonRATS hope for a blue wave.
Q3 to be 4.7%
Q4 at 5%
Enjoy the ride.
This is only possible due to Obama policies - Valerie Jarret.
Lower inflation expectations probably due to tariff concerns. Whether intentional or not, Trump’s tariff threats are keeping economy from growing too fast too soon.
Yeah, but, all of the riches from the growing economy will only benefit the rich, while the poor and middle class keep getting only crumbs. </typical liberal response>
Obama said we would never see 3% growth again our lifetimes! The media told me that anyone who dared to think otherwise was an EVIL RACIST!
HOW CAN THIS BE??
It would be nice but the Atlanta Fed is usually wrong on GDP by a lot. The economic fundamentals are weakening again. Due to demographics and slowing innovation, the U.S. (and no other advanced economy) will likely ever see 4-5% growth again. I’m not trying to be a downer, but there are real reasons why the GDP growth has steadily fallen over the past 50 years.
The GDPNow tool that the Atlanta Fed uses is a snapshot in time. It's the forecast for growth given the conditions on a certain date and time. Wait a week or so and the forecast could be higher or the forecast could be lower. It all depends on what happens to the variable they use in their calculation.
Makes me nostalgic for the, ‘Halcyon 0bama Days’ of 1% growth which we were told would be ‘The New Normal.’
Best. Election. Ever. EVER! MAGA! :)
Praise the Lord! And may God Bless Donald Trump!................
At one point in February, the GFPNow tool was forecasting 5.4% growth for Q1. The actual growth for the quarter turned out to be 2.3%. It’s a snapshot of predicted growth on one day during the quarter.
...shhhhh...down to 4.5%...we are finished!..../s
Tariffs increase prices which increase inflation concerns.
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