Early look at Q2 GDP from GDPNow's nowcast.

in atlanta •  2 years ago 

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The actual release is at the end of July.

In fairness to the prognosticators, all the historical leading recession signals have been tripping and with monetary policy tightening and the banking credit crunch I still wouldn't rule it out this year, but for sure the economy especially the labor market has been more resilient than people expected.

The nowcast is just modeled from the available data for the quarter so it can be fairly noisy this early on. It gets more accurate in the final month before the release.

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