The real gross domestic product (GDP) of the United States is expected to grow 8.8%, compared to 9.6% on February 25, in the first quarter of 2021, it showed on Friday the latest GDPNow report from the Federal Reserve Bank of Atlanta.
“Following this morning’s releases from the US Bureau of Economic Analysis and the US Census Bureau, the current forecast for first-quarter real gross private domestic investment growth decreased from 22.1% to 17.7%, while the current forecast of the contribution of the change in Exports to real GDP growth in the first quarter decreased from -0.78 percentage points to -0.84 percentage points, “explained the Atlanta Fed in its publication.
Market reaction
The US Dollar Index It did not show an immediate reaction to this report and was last seen gaining 0.67% on the day at 90.74.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
