Keep in mind the reason the September quarter’s growth was so large was due to the huge decrease in the June quarter. The way the BEA calculates GDP growth is to take the quarter-to-quarter change and essentially multiply it by four. This segment should be a drag on the December quarter’s GDP growth rate. The Federal Reserve Bank of Atlanta publishes data and a graph that estimates the GDP growth rate of the current quarter. December quarter GDP growth forecast Federal Reserve Bank of St. LouisAnd lastly, the Federal Reserve Bank of New York’s most recent estimate is 2%.

Source: Forbes December 26, 2020 23:03 UTC