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The Atlanta Fed’s GDPNow model points to 2.2% growth in the fourth quarter

Gross domestic product real GDP in the United States is expected to grow by 2.2% in the fourth quarter of 2020, the latest GDPNow report from the Federal Reserve Bank of Atlanta showed on Friday.

“The initial estimate of real GDP growth for the third quarter published by the US Bureau of Economic Analysis on October 29 was 33.1%, 3.9 percentage points below the final model of the GDPNow model published on October 28,” it reads in the post.

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Credits: Forex Street

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