The short version

Brian Wieser predicted on June 5, 2024: “The latest estimates put growth at 6.7% in Q2, with an upgrade for the full year from 5.6% to 6.3%. … He thus predicted Q3 and Q4 2024 to grow ‘at a slightly slower pace on the back of relatively difficult comparables’.” Verdict: Partially right. Wieser's Q2 estimate of 6.7% growth was conservative,…

Prediction by

Brian Wieser

On June 5, 2024

“The latest estimates put growth at 6.7% in Q2, with an upgrade for the full year from 5.6% to 6.3%. … He thus predicted Q3 and Q4 2024 to grow ‘at a slightly slower pace on the back of relatively difficult comparables’.”

Follow-up

Wieser's Q2 estimate of 6.7% growth was conservative, as actual Q2 expansion was 9.6%. His full-year upgrade to 6.3% was also conservative, with later forecasts reaching 7.2%. However, his prediction that Q3 and Q4 2024 would decelerate was directionally correct, as growth remained solid but down from the earlier strong quarterly rates.

From the High Caliber AI network — see the AI for PR module in the course.