The Conservative Cave
Current Events => Economics => Topic started by: Ptarmigan on June 30, 2022, 09:03:01 PM
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GDPNow
https://www.atlantafed.org/cqer/research/gdpnow
The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. Bureau of Economic Analysis.
GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model. In particular, it does not capture the impact of COVID-19 and social mobility beyond their impact on GDP source data and relevant economic reports that have already been released. It does not anticipate their impact on forthcoming economic reports beyond the standard internal dynamics of the model.
Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet. You can also view an archive of recent commentaries from GDPNow estimates.
Please note that we no longer support the GDPNow app. Download our EconomyNow app or go to our website to continue to get the latest GDP nowcast and more economic data.
Latest estimate: -1.0 percent — June 30, 2022
The Atlanta Federal Reserves predicts second quarter in a row of negative growth. This suggests recession is already here.
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GDPNow
https://www.atlantafed.org/cqer/research/gdpnow
The Atlanta Federal Reserves predicts second quarter in a row of negative growth. This suggests recession is already here.
Gee, I think I'll have a heart attack and die from that prognostication... :therock:
(https://i.pinimg.com/originals/9b/ee/93/9bee938830893e8b184fea3509171360.gif)