A Reminder: The Advance Estimate of Q2 GDP Growth Is…an Estimate

For instance, Goldman Sachs presents two forecasts for Q2 growth (SAAR): one for advance, and one for final. As of 7/19, the forecast of the advance release was -29.0%, and final was -33.0% (Seasonally Adjusted at Annual Rates, SAAR). Something to remember when contemplating the near future. Figure 1:¬†Real GDP (bn Ch.2012$, SAAR) (black line),¬† … Continue reading A Reminder: The Advance Estimate of Q2 GDP Growth Is…an Estimate