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Economics

Q2 GDP Forecasts: Probably Around 30% Annual Rate Decline

The NY Fed Nowcast and Atlanta Fed GDPNow models are based on released data and aren’t capturing the entire collapse in the economy.  These models will catch up as more data is released.  All forecasts, including the Merrill Lynch and other forecasts, are for the seasonally adjust annual rate (SAAR)…

Q2 GDP Forecasts: Probably Around 30% Annual Rate Decline

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