Q1 GDP Forecasts: Around 5.5% SAAR

Summary:
From Merrrill Lynch: We continue to track 5.5% for 1Q GDP tracking. [Mar 5 estimate]emphasis addedFrom Goldman Sachs: We left our Q1 GDP tracking estimate unchanged at +5.5% (qoq ar). [Mar 5 estimate]From the NY Fed Nowcasting ReportThe New York Fed Staff Nowcast stands at 8.6% for 2021:Q1 and 4.0% for 2021:Q2. [Mar 5 estimate]And from the Altanta Fed: GDPNowThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2021 is 8.3 percent on March 5, down from 10.0 percent on March 1. [Mar 5 estimate]

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