Dueling Nowcasts... - Commodity Research Group

July 29, 2020 by Jim Colburn Leave a Comment

The latest estimates for 2Q GDP from the NY and Atlanta Feds’ “nowcast” models show quite a divergence… Atlanta is looking at -35% which is close to consensus of economists, while NY projects -14%… The government release is tomorrow at 830 am, nyt… Note that NY also includes a very optimistic number for 3Q… Normally, I’ll look at these models what they say about how new economic data might change GDP rather than absolute estimates… Here are the links to NY, Atlanta and Econoday…

Atlanta:

Q3, NY:

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

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