Forex and other markets news
17.04.2023, 23:35
Fed unveils GDPNow model
Fed unveils GDPNow model
The Federal Reserve Bank of Atlanta released its latest GDPNow forecast model showing that The US economy grew 2.5% in the first quarter of 2023, up from a previous forecast of 2.2%.
The Atlanta Fed will release its new GDPNow forecast on April 18.
As for 2022, the US economy contracted 1.6% in Q1 and 0.6% in Q2, pushing the US into a technical recession. before expanding by 3.2% and 2.9% in the third and fourth quarters, respectively.
Looking at the full year of 2022, the US economy grew 2.1% after hitting 5.9% in 2021.
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