{"id":205422,"date":"2024-02-09T21:32:02","date_gmt":"2024-02-09T21:32:02","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/02\/09\/forecasts-and-nowcasts-econbrowser\/"},"modified":"2025-06-25T17:21:57","modified_gmt":"2025-06-25T17:21:57","slug":"forecasts-and-nowcasts-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/02\/09\/forecasts-and-nowcasts-econbrowser\/","title":{"rendered":"Forecasts and Nowcasts | Econbrowser"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-51119\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>CBO has released its<a href=\"https:\/\/www.cbo.gov\/publication\/59710\"> Budget and Economic Outlook<\/a>, with projections for GDP (based on data from early December). This is their GDP projection based on current law, compared to other forecasts (IMF, WSJ survey mean), and today\u2019s GDPNow.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/gdpppix_jan24j.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-51120\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/gdpppix_jan24j.png\" alt=\"\" width=\"878\" height=\"576\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/gdpppix_jan24j.png 878w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/gdpppix_jan24j-300x197.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/gdpppix_jan24j-768x504.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/gdpppix_jan24j-624x409.png 624w\" sizes=\"(max-width: 878px) 100vw, 878px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> GDP as reported (bold black), CBO (blue), WSJ (brown), IMF (light green triangles), GDPNow (2\/7\/2024) (sky blue square), all in bn.Ch.2017$ SAAR, on log scale. Source: BEA, <a href=\"https:\/\/www.cbo.gov\/publication\/59710\">CBO (February)<\/a>,\u00a0 WSJ (January),<a href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2024\/01\/30\/world-economic-outlook-update-january-2024\"> IMF (January)<\/a>, and Atlanta Fed (2\/7), and author\u2019s calculations.<\/em><\/p>\n<p>Note that all the forecasts\/projections were made or based on data before the release of 2023Q4 GDP figures.<\/p>\n<p>Today\u2019s GDPNow for Q1 reads 3.4% q\/q AR.<\/p>\n<p>Video of briefing, <a href=\"https:\/\/www.c-span.org\/video\/?533430-1\/cbo-director-10-year-budget-economic-outlook\">here<\/a>.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/02\/forecasts-and-nowcasts\" title=\"11:50 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-02-07T11:50:14-08:00\">February 7, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/02\/forecasts-and-nowcasts\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] CBO has released its Budget and Economic Outlook, with projections for GDP (based on data from early December). This is their GDP projection based<\/p>\n","protected":false},"author":1,"featured_media":205423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/205422"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=205422"}],"version-history":[{"count":2,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/205422\/revisions"}],"predecessor-version":[{"id":344460,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/205422\/revisions\/344460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/205423"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=205422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=205422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=205422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}