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Q4 GDP Forecasts: Moving Down

Summary:
From BofA: Our forecast for retail sales to contract in December led us to lower our 4Q GDP tracking estimate down to 5.5% qoq saar from 6.0% previously. [January 7 estimate]emphasis addedFrom Goldman Sachs: We left our Q4 GDP tracking estimate unchanged at +7.0% (qoq ar). [January 6 estimate]And from the Altanta Fed: GDPNowThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2021 is 6.7 percent on January 6, down from 7.4 percent on January 4. [January 6 estimate]

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From BofA:
Our forecast for retail sales to contract in December led us to lower our 4Q GDP tracking estimate down to 5.5% qoq saar from 6.0% previously. [January 7 estimate]
emphasis added
From Goldman Sachs:
We left our Q4 GDP tracking estimate unchanged at +7.0% (qoq ar). [January 6 estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2021 is 6.7 percent on January 6, down from 7.4 percent on January 4. [January 6 estimate]

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