The Atlanta Federal Reserve has revised its estimate for the fourth-quarter GDP growth in the United States from 2.3% to 1.2%. This revision comes after the estimate had already dropped from 2.3% to 1.2% on October 27. The sudden decrease in the GDP estimate has raised concerns about a potential recession, leading investors to seek refuge in long-end US Treasuries. However, there has been a slight improvement in the forecast, with the Atlanta Fed's GDPNow model estimating a growth rate of 2.1% for the fourth quarter.
πΊπΈ United States Atlanta Fed GDPNow (Q4) $USD Actual: 2.1% π’ Expected: 1.2% Previous: 1.2%
The Atlanta Fed's GDPNow model estimate for Q4 GDP growth improved to 2.1% from 1.2% on Nov 1. https://t.co/54uohA9P1c
The Atlanta Fed's πΊπΈ Q4 GDPNow forecast is now at +2.1% up from +1.2%
πΊπΈ United States Redbook (YoY) $USD Actual: 3.1% Previous: 5.3% - https://t.co/orvmA6WYlS
Atlanta Fed GDPNow estimate only 1.2% for 4Q23. https://t.co/G47ToTRXwW
Atlanta Fed's estimate for Q4 GDP just plummeted from 5.4% to 1.2% in a week. This comes as investors pile into long-end US Treasuries to shield themselves from impending recession. #Bidenomics https://t.co/t9SDWnXEDn
Atlanta Fed's estimate for Q4 GDP just plummeted from 5.4% to 1.2% in a week as investors pile into long-end US Treasuries to shield themselves from impending recession. #Bidenomics https://t.co/nAH5oCidCc
Atlanta Fed cuts Q4 GDP est from 2.3% to 1.2%
The Atlanta Fed's GDPNow estimate for Q4 GDP growth dropped to 1.2% from 2.3% on Oct 27. https://t.co/Bp5xKaF4we
The Party's Over: Atlanta Fed Slashes Q4 GDP Estimate From 2.3% To 1.2% https://t.co/lV3sp3QAwQ
Atlanta Fed cuts Q4 GDP estimate in half inside of a week. https://t.co/y31h7hufk9
Atlanta Fed GDPNow only 1.2% for 4Q23 https://t.co/X4z73kpos1
Party's over: Atlanta Fed cuts Q4 GDP est from 2.3% to 1.2%