The WSJ April survey is out (responses April 5-9): First, the level of forecasted GDP over the last 3 surveys (7 months): {chart} Figure 1: GDP (bold black), WSJ April 2024 mean forecast implied level (blue), January 2024 (red), October 2023 (light green), all in bn.Ch.2017$ SAAR. Source: BEA 2023Q4 3rd release, WSJ surveys (various issues), and author’s calculations. Currently, the mean forecast for Q1 is exceeded by two of the most recent nowcasts (Atlanta, NY Feds): {chart} Figure 2 [upated]: GDP (bold black), February SPF (light blue), GDPNow (4/15) (red square), NY Fed (light green square), St. Louis Fed (blue ... (full story)