Big data approach supports optimistic US growth outlook
Broker research based on big data leans towards the Atlanta Fed's optimistic outlook of 2.5% GDP growth, well above Blue Chip consensus.
The Atlanta Fed’s tracking model puts 2nd quarter GDP growth at 2.5%, well above the Blue Chip forecasters’ consensus. Broker research based on big data leans towards the more optimistic Atlanta outlook. At Union Bank of Switzerland, the “Evidence Lab” big data approach shows a stronger-than-consensus growth picture. Goldman Sachs analysts looking high-frequency freight data come to a similar conclusion.