The Atlanta Fed's GDPNow estimate for Q4 real GDP growth has fluctuated, dropping from 2.1% on November 22nd to 1.2% on December 7th. This decline to 'stall speed' has raised concerns, contrasting with the focus on Q3's 5.2% growth. The RBI Governor projects a 7% real GDP growth for the current year 2023-24, with Q3 at 6.5% and Q4 at 6%.
#WATCH | RBI Governor Shaktikanta Das says, "...Real GDP growth for the current year 2023-24 is projected at 7% - with Q3 at 6.5% and Q4 at 6%. Real GDP growth for Q1 of 2024-25 is projected at 6.7%, for Q2 at 6.5% and for Q3 at 6.4%. The risks are evenly balanced." https://t.co/S7JPd5o3yq
US ATLANTA FED GDPNOW Q4: 1.2% (PREV 1.3%)
πΊπΈ US ATLANTA FED GDPNOW Q4: 1.2% (PREV 1.3%)
Atlanta Fed GDPNow is now projecting 1.3% for Q4 GDP, up from 1.2% https://t.co/uJbF9U0BlS
The Atlanta Fed GDPNow model estimate for Q4 GDP growth ticked up to 1.3% from 1.2%. https://t.co/LomD27rqwX
From 2.1% on November 22nd to 1.8% on November 30th to 1.2% today. That is the freshly-minted Atlanta Fed Nowcast estimate for Q4 real GDP growth. In two words or less: stall speed. Notice how nobody is talking about it??
Itβs laughable that everyone is so fixated on 5.2% GDP growth in Q3 β a quarter that began in July! β just as the Atlanta Fed Nowcast has gone all the way down to stall-speed of 1.2% for Q4!!
Atlanta Fed Q3 GDPNow est slides to 1.2% from 1.8%. This matches the lowest GDPNow estimate of 2023 which was in April. The seasonally adjusted wheels are finally coming off the bus https://t.co/DIyC58iETO