1 Apr 2025 5:34 pm
Fuelman » 49 minutes ago » wrote: ↑ News on first quarter GDP:
https://www.cnbc.com/2025/03/31/first-q ... urvey.html
The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as the economy emerged from the pandemic.
None forecast consecutive quarters of economic contraction. Oxford Economics, which has the lowest Q1 estimate at -1.6%, expects a continued drag from imports but sees second quarter GDP rebounding to 1.9%, because those imports will eventually end up boosting growth when they are counted in inventory or sales measures.
How close will the experts be?
I believe the estimate was 2.2 in January.