CBO has launched its Finances and Financial Outlook, with projections for GDP (primarily based on information from early December). That is their GDP projection primarily based on present legislation, in comparison with different forecasts (IMF, WSJ survey imply), and at present’s GDPNow.
Determine 1: GDP as reported (daring black), CBO (blue), WSJ (brown), IMF (mild inexperienced triangles), GDPNow (2/7/2024) (sky blue sq.), all in bn.Ch.2017$ SAAR, on log scale. Supply: BEA, CBO (February), WSJ (January), IMF (January), and Atlanta Fed (2/7), and creator’s calculations.
Observe that every one the forecasts/projections had been made or primarily based on information earlier than the discharge of 2023Q4 GDP figures.
At present’s GDPNow for Q1 reads 3.4% q/q AR.
Video of briefing, right here.
