Gross domestic product (GDP) is expected to real in the united states grow 4.6%, down from 6% on February 1, in the first quarter of 2021, the latest report showed on Friday GDPNow from the Federal Reserve Bank of Atlanta.
“The immediate predictions of real personal consumption spending in the first quarter and the growth of real gross private domestic investment in the first quarter decreased from 2.2% and 22.2%, respectively, to 1.5% and 18.2%, respectively,” the statement read. publication. “While the immediate forecast of the contribution of the change in real net exports to real GDP growth in the first quarter decreased from -0.61% to -0.74%.”
The US Dollar Index remains depressed after this report and was last seen shedding 0.46% on the day at 91.11.