SFY - Moderate U.S. Growth Expected In This Week's Q4 GDP Report
The coronavirus that's roiling China and beyond is creating uncertainty about global economic activity in early 2020, but this week's initial estimate of US GDP for last year's fourth quarter is on track to post a gain that's comparable to Q3's moderate rise.
Output is expected to show a 2.1% gain in Thursday's GDP report (Jan. 30), based on a median nowcast for a set of estimates compiled by The Capital Spectator. The projection matches Q3's increase, which suggests that recession risk is still low as a softer-but-stable run of economic activity prevails.
Today's revised