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Economy

progree

(12,095 posts)

1. GDPNow Model expects annualized MINUS 2.1% GDP growth in Q2.

Reply to Tansy_Gold (Original post)

Thu Jul 7, 2022, 05:58 PM

Jul 2022

https://finance.yahoo.com/news/stock-market-news-live-updates-july-7-2022-113453990.html

The Atlanta Federal Reserve’s GDPNow model now estimates real GDP growth in the second quarter of 2022 at -2.1%, which would meet the unofficial threshold for a recession when matched with the 1.6% decline in Q1. The official read on second quarter GDP is due July 28.

July 28 is the first estimate of Q2 GDP. There's another estimate in late August, and a final estimate in late September.
The numbers above are annualized.

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Oil is back up above $100/barrel (WTI),
10Y Treasury Yield back at 3.00%
https://finance.yahoo.com/

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GDPNow Model expects annualized MINUS 2.1% GDP growth in Q2. progree Jul 2022 #1