Atlanta Fed Cuts Q2 Gdp Forecast To 1.8%

Phil W. Hudson, Biz Journals
Thu, 07/28/2016 - 1:12pm

The U.S. economy won’t grow as quickly as the Federal Reserve Bank of Atlanta was anticipating. On July 28, the Atlanta Fed’s GDPNow model forecast for real GDP growth in the second quarter dropped its estimate to 1.8 percent from its July 27 projection of 2.3 percent. On July 1, the model forecast for real GDP growth in the second quarter was 2.6 percent. The growth rate of real GDP is a key indicator of economic activity.

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Topics:  u.s    federal reserve bank   on july   atlanta fed s gdpnow    after    atlanta   july   gdp   atlanta fed   forecast   real   percent   growth   quarter   model   
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