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Q2 GDP Forecasts

From BofA: We forecast 2.7% GDP growth this year given wealth and liquidity remain supportive. We expect growth to slow to 1.8% next year, with a sequential slowdown to just 1% by 4Q as a restrictive Fed takes its toll. [Q2 3.5% May 13 estimate]
emphasis added
From Goldman:
We are downgrading our Q2 GDP tracking estimate by 0.4pp to +2.5% (qoq ar), below consensus of +3.0%. The downgrade to US auto production schedules over the last month and the pickup in core goods inflation in the CPI and PPI reports is consistent with supply chain disruptions from the Russia-Ukraine War and the China covid lockdowns. [May 14 estimate]And from the Altanta Fed: GDPNowThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is 1.8 percent on May 9, down from 2.2 percent on May 4. [May 9 estimate]

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