Atlanta Fed starts off Q3 GDP tracker at +11.9%

Author: Adam Button | Category: News

GDP set to bounce back

GDP set to bounce back
US GDP fell by 32.9% in the initial reading yesterday. It would take a 50% bounce to recoup that and it's not going to happen all at once. The Atlanta Fed is out with its latest model and sees a 11.9% step on that recovery.

What's interesting to note is that the first Q3 report will be out on October 29, which is just a few days before the election.

This estimate is on the low end of the consensus, which is at +18.0% at the moment. Q4 is at +6.5% and Q1 2021 at +5.0%.

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose