Economist Growth Estimates Down; CPI Up

Along with their recession odds estimates, Bloomberg released their monthly economist survey on GDP and CPI as well today.  As shown below, the median GDP growth estimate of the 62 economists surveyed is now 0.0% for both Q1 and Q2 of 2008 -- down from 0.10% and 0.50% in last month's survey.  Economists are still expecting a pickup in the last half of 2008 and Q1 '09. 

Economists also raised their CPI estimates for all four quarters that they had estimates on last month.  GDP down and CPI up is not a good economic formula, but it should come as no surprise that these estimates have been lowered.

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Comments

[jay]

I have a feeling these econ guys were still in wet nappies in the 70's......now did you see that gold move today.