Federal Reserve Bank of Atlanta’s GDPNow Index now sees the US economy contracting by 35.2% in the second quarter compared to the previous projection of 36.8% contraction made on July 1. A month ago, the index was showing a 52.8% tumble in the second quarter. GDPNow Index is the running estimate of real gross domestic product (GDP) growth that undergoes regular revisions. Its accuracy increases as it gets closer to the end of the quarter. As such, the latest forecast could be considered reliable. That said, markets are forward-looking and risk assets may come under pressure if the second wave of the coronavirus outbreak forces the US and other countries to reimpose lockdown restrictions. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Asian stock market: ASX 200 turns positive as Chinese equities rally 3% FX Street 3 years Federal Reserve Bank of Atlanta’s GDPNow Index now sees the US economy contracting by 35.2% in the second quarter compared to the previous projection of 36.8% contraction made on July 1. A month ago, the index was showing a 52.8% tumble in the second quarter. GDPNow Index is the running estimate of real gross domestic product (GDP) growth that undergoes regular revisions. Its accuracy increases as it gets closer to the end of the quarter. As such, the latest forecast could be considered reliable. That said, markets are forward-looking and risk assets may come under pressure if the second wave… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
