ACTV - Initial Median Q1 GDP Nowcast For U.S. Indicates Softer Growth
2024-01-31 19:55:00 ET
Summary
- Will last week’s news of substantially stronger-than-expected growth for US economic output in 2023’s fourth quarter extend into this year’s Q1?
- It’s still early in the current quarter, and so there’s plenty of guesswork lurking for the immediate future.
- Our opening median nowcast indicates a 1.5% rise in Q1 GDP (seasonally adjusted annual rate).
Will last week’s news of substantially stronger-than-expected growth for US economic output in 2023’s fourth quarter extend into this year’s Q1?...
Initial Median Q1 GDP Nowcast For U.S. Indicates Softer Growth