GDP, Nowcasts, and Est’d GDO, GDP+, and Final Sales Following up on Jim’s post yesterday, thoughts on measurement error and prospects. Note that GDP surprised on the downside, at 1.6 ppts q/q AR vs. consensus 2.5 ppts. On the other hand, GDP+ grows faster, as does final sales to private domestic purchasers. Figure 1: GDP (bold black), GDPNow as of 4/24 (light blue square), […]
https://econbrowser.com/archiv....es/2024/04/gdp-nowca