Based on 55 mainstream economists surveyed in July, they expect the GDP grows 1.9% on average for Q2, 3.1% for Q3 and Q4 this year. Market expects the Q2 grew at 1.7%. The followings are the forecasts based on my models for the U.S. economy:
My Predictions Average Projections By 55 Economists
Q2: 1% 1.9%
Q3: -3% 3.1%
Q4: -5% 3.1%
We are going to see the answers shortly after BEA reports its preliminary Q2 GDP growth tomorrow.