Atlanta Fed: Q4 GDPNow estimate down to 1.2% - Breaking The News

Atlanta Fed: Q4 GDPNow estimate down to 1.2%

7 December

1 min read

EPA/MATTHEW CAVANAUGH

The Federal Reserve Bank of Atlanta announced on Thursday in its GDPNow model prospects that the growth of real gross domestic product for the fourth quarter of 2023 in the United States is expected to stand at 1.2% as opposed to 1.3% estimated earlier.

Following the Census Bureau's report on wholesale trade in the United States, the forecast of the final quarter GDP investment growth decreased from 2.9% to 3%, the bank said. According to the data for wholesale trade in October, the figure dropped by more than the analysts previously expected.

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