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September 22, 2020
Atlanta Fed Forecasts a Thirty Two Percent Growth Rate in the Third Quarter, with the GDP Numbers to be Released Right Before the Election, October 29
That is in fact the forecast:
The Atlanta Fed models the forward GDP for the 3rd quarter. It's current estimate comes in at 32%. That is up from 31.7% yesterday.
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2020 is 32.0 percent on September 17, up from 31.7 percent on September 16. After this morning's housing starts report from the U.S. Census Bureau, the nowcast of third-quarter real residential investment growth increased from 39.3 percent to 46.1 percent.
The next estimate will come on September 25.
The New York Fed's forecast is lower -- but still high. They're forecasting an (annualized) quarterly growth of 15.63%, about half of what Atlanta forecasts.
Still, given that a quarterly growth of 4% is considered strong growth, anything from 15% to 32% will be... acceptable.