Barclays raises GDP tracker to 2.7% from 2.6%
There have been a couple of GDP trackers for the 3Q just released:
- Goldman Sachs cut their third-quarter GDP tracker to 2.4% from 2.5% citing capital expenditures and inventory data
- Barclays on the other hand, raise their estimate to 2.7% from 2.6%
Earlier today the Atlanta Fed GDPNow estimate for GDP remained unchanged at 2.5%.
CNBC is reporting that a sampling of 2019 growth outlook shows:
- CBO Potential at 1.8%
- The Fed at 2.5%
- Action at 3.0% (whoever Action is)
- Goldman 1.9%
- JP Morgan 1.9%.
