by Mike ‘Mish’ Shedlock
Mish Talk
Tomorrow the BEA releases its “advance” estimate for second quarter GDP. It is the first of three estimates. Numbers are subject to revision for years, even a decade or more. Here is a complied list of guesses.
- GDPNow 1.8%: July 28 GDPNow Forecast Sinks to 1.8% Following Advance Economic Indicators Reports
- FRBNY Nowcast 2.2%: July 15 GDPNow and Nowcast Forecasts Tick Up 0.1 Percent; Diving Into Interesting Details. The NY Fed had a blackout due to the FOMC meeting. It normally reports on Friday so its report is stale. I am confident its report would have been lower today had it made an update.
- Goldman Sachs 2.4%: Zerohedge tweeted earlier to day that Goldman lowered its forecast today from 2.6% to 2.4%.