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home / news releases / AFMC - Climbing Limo GDP Forecast For Q2 2024

AFMC - Climbing Limo GDP Forecast For Q2 2024

First Trust Active Factor Mid Cap ETF

2024-07-24 07:20:00 ET

Summary

  • Climbing Limo uses nominal GDP data that was available back in December 2023 in its projections.
  • Atlanta Fed's GDPNow forecast for 2024-Q1 was correct in projecting 2024-Q1's actual GDP exceeded the climbing limo's momentum-based forecast for this period.
  • Since the GDP data for 2024-Q1 has been finalized, the Climbing Limo projection of GDP built using the data point suggests the United States' nominal GDP is on track to rise through the end of 2024 at a steady pace.

Later this week, on Thursday, 25 July 2024, the Bureau of Economic Analysis will publish its first estimate of the United States' Gross Domestic Product during the second quarter of 2024....

For further details see:

Climbing Limo GDP Forecast For Q2 2024
Stock Information
Company Name: First Trust Active Factor Mid Cap ETF
Stock Symbol: AFMC
Market: NYSE
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