U.S. GDP Nowcast Remains Close To Stall-Speed Pace For Q1

James Picerno
6.72K Followers
(3min)

Summary

  • The sluggish median estimate for the official Q1 GDP report suggests that the economy will continue growing in the first three months of 2025.
  • However, the slide in the past few weeks highlights an increased vulnerability in Q2 and beyond.
  • Output is set to rise a weak 1.2% in the first quarter (annualized real rate), according to the median nowcast.

Concepts of monetary policy, GDP, management, economy, inflation. The main business involves domestic products, the background is a pile of coins and up and down arrow symbols.

Tanankorn Pilong

The recent downshift in estimates for US economic output in the first quarter persists, based on the revised median nowcast for a set of analytics compiled by CapitalSpectator.com. The sluggish median estimate for next month’s release of the official

This article was written by

James Picerno
6.72K Followers
James Picerno is the director of analytics at The Milwaukee Co., a wealth manager that is the adviser to The Brinsmere Funds, a pair of global asset allocation ETFs. He also edits CapitalSpectator.com and The US Business Cycle Research Report (CapitalSpectator.com/premium-research). He is the author of three books, including "Quantitative Investment Portfolio Analytics In R: An Introduction To R For Modeling Portfolio Risk and Return." Previously he was a financial journalist at Bloomberg and before that at Dow Jones.

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