Calculated Risk: Q1 GDP Tracking: Near Zero Growth - The Legend of Hanuman

Calculated Risk: Q1 GDP Tracking: Near Zero Growth


by Calculated Risk on 4/11/2025 12:06:00 PM

From BofA:

Since our last publication, our 1Q GDP tracking has remained unchanged at 0.4% q/q
saar
. [Apr 11th estimate]
emphasis added

From Goldman:

We left our Q1 GDP tracking estimate unchanged at +0.3% (quarter-over-quarter annualized). [Apr 3rd estimate]

GDPNowAnd from the Atlanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.4 percent on April 9, up from -2.8 percent on April 3. The alternative model forecast, which adjusts for imports and exports of gold as described here, is -0.3 percent. After recent releases from the US Census Bureau and the US Bureau of Labor Statistics, both the standard model’s and the alternative model’s forecasts of first-quarter real final sales to private domestic purchasers growth increased from 1.4 percent to 2.0 percent. [Apr 9th estimate]


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