Q3 GDP release (Dec 2, 12:30 am GMT) The economy is expected to have grown by 2.4% after a 7.0% drop in Q2 as declining COVID-19 cases made way for more consumer and business activity Annual growth is seen at -4.7% from a -6.3% reading in Q2 document.writeln(""); Goldman Sachs economists said they recently raised their third quarter GDP growth forecast to 35% from 30%, and they say consumer spending was a … The Q3 GDP reading is due on Friday. ... How He Got Everything Right And What's Coming Next. A A A; THE PHILIPPINE ECONOMY is expected to have declined in the third quarter, though slower pace than the previous quarter, according to economists. }, A leading real-estate data junkie is now focused on the impact of the coronavirus. Blogger keeps finger on pulse of housing market. The pair is also reacting to the unfolding crisis on Brexit as key differences between the EU and the UK remain. 2Q GDP is tracking -31.6% qoq saar. [Oct 1 estimate] It is important to note that GDP is reported at a seasonally adjusted annual rate (SAAR). The Oct 29 GDP release will be an October Surprise — Paul Sperry (@paulsperry_) September 21, 2020 Earlier, the NCAER had estimated the … about 1 month ago; Partner Center Find a Broker. document.writeln("
"); This page has economic forecasts for Germany including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Germany economy. Visit Business Insider's homepage for more stories. Foreign and local analysts further slashed their Philippine economic growth expectations for this year, a day after the government announced that the country’s gross domestic product (GDP) fell by 10 percent in the first three quarters of the year. Before the outbreak of the novel coronavirus, the US economy look… }, A leading real-estate data junkie is now focused on the impact of the coronavirus. [Sept 11 estimate] emphasis added From Goldman Sachs: We left our Q3 GDP tracking estimate unchanged at +35% (qoq ar). “Externalshock” is a technical-sounding term that economists use to describe a random event that disturbs the economy. Q3 GDP Forecasts From Merrill Lynch: We revise up our 3Q GDP forecast to 27% qoq saar from 15% previously, but take down 4Q to 3.0% qoq saar from 5.0%. The revised growth forecasts for Q3 and Q4 are 0.1% and 2% respectively,” the NCAER said in its mid-year economic review. Base Case Forecast: Our base case forecast yields 4Q20 real GDP growth of 2.8 percent* (annualized rate), an annual contraction of 3.6 percent for 2020, and an annual expansion of 3.6 percent for 2021. It is also reacting to the new stimulus package passed by the US congress. document.writeln("