Home Atlanta Fed slashes Q2 GDP growth forecast to 3.8%

Atlanta Fed slashes Q2 GDP growth forecast to 3.8%

Published date: 29 Jun. 2018 | 17:01

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 3.8 percent on June 29, down from 4.5 percent on June 27,” the Federal Reserve Bank of Atlanta announced on Friday.

“The nowcast of second-quarter real personal consumption expenditures growth declined from 3.7 percent to 2.7 percent after this morning’s personal income and outlays report from the U.S. Bureau of Economic Analysis,” the Bank further explained.

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