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Massive 1.8 Percentage Point Spread Between GDPNow and Nowcast: What’s Going On?
June 25, 2018GDPNow estimates second-quarter GDP at 4.7%. The FRBNY Nowcast estimates 3.9%. Why the discrepancy?
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GDPNow estimates second-quarter GDP at 4.7%. The FRBNY Nowcast estimates 3.9%. Why the discrepancy?