Q1 GDP Forecasts: Movin’ on up

From Merrrill Lynch:

Retail sales boosted our 1Q21 GDP tracking estimate by 1.5pp to 5.5% qoq saar. [Feb 19 estimate] emphasis added

From Goldman Sachs:

We boosted our Q1 GDP tracking estimate by 1pp to +6.0% (qoq ar). [Feb 17 estimate]

From the NY Fed Nowcasting Report

The New York Fed Staff Nowcast stands at 8.3% for 2021:Q1. [Feb 19 estimate]

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2021 is 9.5 percent on February 18 [Feb 18 estimate]