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“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.5 percent on March 8, unchanged from March 6,” the Federal Reserve Bank of Atlanta reported on Friday.

“An increase in the nowcast of first-quarter real residential investment growth from -10.0 percent to -7.7 percent after this morning’s new residential construction release from the U.S. Census Bureau was offset by slight decreases in the nowcasts of the first-growth growth rates of real personal consumption expenditures, real private nonresidential fixed investment, and real government expenditures, after this morning’s employment report from the U.S. Bureau of Labor Statistics.”