Nowcast on the GDP in the second quarter of 2024 and on the short term inflation 9/19/2024 Tweet PDF - Nowcast on the GDP in the second quarter of 2024 and on the short term inflation Key notes: CBBH estimates the annual growth of real economic activity in the second quarter of 2024 at 2.5%, which is 0.1 percentage point higher than the estimate from June. We expect moderate economic growth in the third quarter of the current year as well. The preliminary estimate of real GDP growth for the third quarter of 2024 is 2.3% on an annual basis. We estimate that headline inflation could amount to 2.2%, and core inflation to 3.8% in the third quarter of 2024. According to preliminary estimates, without unforeseen price shocks, we expect a slight strengthening of inflationary pressures by the end of the year, primarily due to the low base in the previous year. We expect that in the last quarter of 2024, headline inflation could amount to 2.3%, and core inflation would remain at the level of 3.8%.
