Bob Cropf

GDP Forecast

In 1 on February 13, 2009 at 6:33 AM

Not pretty…

WSJ February Survey of Forecasters

WSJ February Survey of Forecasters

Figure 1: Log real GDP, from 30 Jan 2009 preliminary release (blue), potential GDP (black), WSJ mean forecast from January survey (teal), from February survey (green), mean forecast (red) as related in RTE blogpost (2/11/09). Gray shaded area denotes recession, assuming recession has not ended by 09Q4. Source: BEA NIPA Q4 advance release [link], CBO estimates of 9 Jan 2009, WSJ survey of forecasters from January and February [link], and NBER.

From the Econobrowser.

-Kathleen

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  1. Grim indeed.

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