From the Financial Report of the President, 2025, forecast finalized 7 November 2024.
Determine 1: GDP (daring black), Administration (gentle blue sq.), SPF median (inexperienced), GDPNow of 1/16 (blue inverted triangle), all in bn.Ch.2017$ SAAR. Nowcast stage calculated by iterating on related Q3 GDP stage. A CSource: BEA 2023Q3 third launch, Philadelphia Fed, FT-Sales space macroeconomists December survey, Atlanta Fed (1/16), and writer’s calculations.
The administration’s forecast is fairly near the SPF November survey (taken across the similar time), so no surprises there. Apparently, the December FT-Sales space, incorporating extra info on Q3 GDP is on a better trajectory, as is the nowcast for This fall.
The This fall Atlanta Fed Nowcast as of 1/16 is 3%. New quantity on 1/17.
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