Goldman Sachs economists said they recently raised their third quarter GDP growth forecast to 35% from 30%, and they say consumer spending was a … The Oct 29 GDP release will be an October Surprise — Paul Sperry (@paulsperry_) September 21, 2020 Advertisement Facebook Twitter LinkedIn. Written by Crispus Nyaga on Dec 08, 2020, 05:25 GMT. Gross domestic product (GDP) grew 4.9 percent in July-September from a year earlier, the National Bureau of Statistics (NBS) said on Monday, slower than the median 5.2 percent forecast by analysts in a Reuters poll and following 3.2 percent growth in the second quarter. Australia's GDP rebounds sharply in Q3, beats forecast COVID stimulus spurs 3.3% quarterly growth but economy not out of woods Diners enjoy the waterfront by the Sydney Opera House in mid-November. Blogger keeps finger on pulse of housing market. With the midterms near, the big question isn't whether the number will be good — it's whether it will be good enough to match the expectations set by Trump. document.writeln(""); [Sept 11 estimate] emphasis added From Goldman Sachs: We left our Q3 GDP tracking estimate unchanged at +35% (qoq ar). U.S. GDP accelerated at a 33.1% annualized pace in the third quarter, the Commerce Department reported. The New York Fed's model put less emphasis on the ISM surveys, which track sentiment rather than hard numbers and were extremely strong last quarter, and it puts greater emphasis on import and export data, which was particularly negative for the U.S. in Q3. ... How He Got Everything Right And What's Coming Next. document.writeln(""); BREAKING: The Atlanta Fed forecasts a record national GDP growth rate of 32% for Q3, meaning the third quarter will be the mother of all economic rebounds thanks to businesses going from a total lockdown to a new COVID-19 normal. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2020 is 34.6 percent on October 1, up from 32.0 percent on September 25. ... How He Got Everything Right And What's Coming Next. }, A leading real-estate data junkie is now focused on the impact of the coronavirus. document.writeln("
"); Base Case Forecast: Our base case forecast yields 4Q20 real GDP growth of 2.8 percent* (annualized rate), an annual contraction of 3.6 percent for 2020, and an annual expansion of 3.6 percent for 2021. by confoundedinterest17 The good news is that 1) Q3 GDP is forecast to be 35.23% (Atl Fed) or 14.07 (NY Fed) and 2) Q4 GDP is forecast to be 4.82%. Ok, not as YUGE as Q3 GDP … The economy is expected to have grown 2.6% in the three months to September, after falling by 7% in … In Q3, Italy’s GDP jumped a record 16.1% over the previous quarter in seasonally- and working-day adjusted terms. “Externalshock” is a technical-sounding term that economists use to describe a random event that disturbs the economy. by Calculated Risk on 10/02/2020 12:20:00 PM, CRcounter = CRcounter+1; The Q3 GDP reading is due on Friday. November 9, 2020 | 12:33 am. The revised growth forecasts for Q3 and Q4 are 0.1 per cent and 2 per cent respectively,' the NCAER's mid-year economic review said. Foreign and local analysts further slashed their Philippine economic growth expectations for this year, a day after the government announced that the country’s gross domestic product (GDP) fell by 10 percent in the first three quarters of the year. How things turn out depends largely on the response of economic policymakers and public health authorities—and the nature of that response is changing hourly. EUR/USD Forecast Ahead of EU Q3 GDP Final Release. Wars are external shocks; so are earthquakes … and diseases. document.writeln(""); document.writeln("