May 29, 2023
To Estimated risk per 26.05.2023 11:58:00 From BofA: Overall, today’s higher-than-expected personal income and spending, as well as durable goods printing, along with a wider-than-expected merchandise trade deficit, lowered our Q2 US GDP tracking from 1.1% qoq. sq. to 0.9% QoQ. [May 26th estimate]added accent From Goldman: Personal income increased as expected and personal spending
READ MORETo Estimated risk per 05/25/2023 8:40:00 AM From BEA: Gross Domestic Product (Second Estimate), Corporate Profit (Provisional), Q1 2023 Real gross domestic product (GDP) increased by annual rate of 1.3 percent in the first quarter of 2023, according to the “second” estimate published by the Bureau of Economic Analysis. In the fourth quarter, real GDP
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Germany’s gross domestic product contracted in the first quarter, revised data show, as weak consumer and industrial activity sparked fears that Europe’s largest economy will face a sustained recession. This is reported by the Federal Statistical Agency Destatis. German economy fell 0.3 percent in the three months to March after a downward revision to an
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To Estimated risk per 24.05.2023 21:01:00 Note: Mortgage rates are from MortgageNewsDaily.com and are intended for high-level scenarios. Thursday:• At 8:30 am ET initial weekly jobless claims the report will be published. The consensus concerns 250,000 initial claims, up from 242,000 last week. • Also at 8:30, Gross domestic product, Q1 2023 (second estimate). By
READ MORETo Estimated risk per 05/19/2023 8:41:00 AM From BofA: Overall, this week’s data raised our Q1 US GDP estimate from 0.9% qoq to 1.1% qoq Q2 GDP estimate at 1.2% q/q sa [May 19th estimate]added accent From Goldman: We left our Q2 GDP estimate unchanged at +2.0% (QoQ) and our last quarter GDP tracking estimate
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In the Survey of Professional Forecasters, the median, but some still think it’s likely.) Here is an interesting picture from latest review of professional forecasters And GDPNow. Picture 1: GDP (bold black), professional forecasters survey median for May (blue), SPF median for February (yellow-brown), GDPNow of May 17 (sky blue), and potential GDP (grey). Source:
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Whether gross or net, nominal or market value, in relation to GDP or potential GDP, the answer is pretty obvious. Picture 1: Gross federal debt at par value as a ratio to GDP (blue), at market value as a ratio to GDP (yellow), government-owned federal debt at par value as a ratio to potential CBO
READ MORETo Estimated risk per 05/12/2023 15:22:00 From BofA: Overall, this week’s data lowered our Q1 US GDP estimate from 1.0% qoq to 0.9% QoQ. [May 12th estimate]added accent And from the Altanta FRB: GDPNow GDPNow model for evaluation real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 2.7 percent. May
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metaverse could contribute up to $760 billion, or about 2.4%, to the US annual gross domestic product (GDP) by 2035, according to a study commissioned by the Facebook owner. Meta Platforms. The metaverse concept includes augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or digitally overlay information on
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The International Monetary Fund said on Friday that improved trade relations between African countries could significantly boost output (GDP) across the continent and help address issues such as climate change. Reforming the “fragmented” trade policy landscape and better implementation of existing intra-African free trade agreements could increase some trade flows between African countries by more
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