2024-04-06 02:55:00 ET
Summary
- US economic output is still on a path for a materially softer pace of growth in the first-quarter GDP report scheduled for release at the end of this month.
- Output for the January through March period is currently estimated at a 2.0% increase (seasonally adjusted real annual rate).
- Friday’s 2.0% median increase for Q1 GDP is unchanged from the previous nowcast on Mar. 22.
US economic output is still on a path for a materially softer pace of growth in the first quarter GDP report scheduled for release at the end of this month. The expansion will be strong enough to minimize recession risk, but the deceleration in the trend via GDP data will remain conspicuous for a second straight quarterly update....
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U.S. Q1 GDP Nowcast Highlights Growth Slowdown Persisting