3Q23 GDPNow Estimate Unchanged At 5.6 — September 7, 2023

Link here: https://www.atlantafed.org/cqer/research/gdpnow.

Most recent 3Q23 estimate, yesterday, September 6, 2023, unchanged from one week earlier: 5.6.

“That” recession is going to have to wait another quarter, it appears.

I could be wrong, but “5.6” seems to be among the best numbers I’ve seen in 70 years.

If “5.6” holds, America may have the fastest economic growth in the world.