Getting Stronger: Economists Raise Third-Quarter GDP Forecasts

A smaller-than-anticipated 1% contraction in the second-quarter gross domestic product and signs that businesses were paring down inventories, have inspired a spate of analysts to revise their third-quarter forecasts for economic growth. Here are a few we’ve collected so far. We’ll continue to update the list as more revisions roll in.

Analyst Q3 - Prev. Q3 - Revised
Credit Suisse 1.3% 2.0%
Deutsche Bank 0.0% 2.0%
J.P. Morgan 2.5% 3.0%
Moody’s 1.1% 1.6%

Morgan Stanley 1% 3%-4%
T. Rowe Price 1.3% 2.75%
UBS 2.0% 2.5%
Wells Fargo 2.2% 3.0%

Of course, you always want to remember what one of my old Econ. Prof’s said. “If you take all the economists in the world and put them end to end, they will not reach a conclusion.”