The Atlanta Fed's GDPNow model estimate for Q4 GDP growth was initially 2.1% but later revised to 2.2%. However, on November 17, the estimate was adjusted back to 2.0%. Concurrently, the Federal Statistics Service reported that GDP growth accelerated to 5.5% y/y in 3Q from 4.9% in 2Q, marking the fastest pace of growth in more than a decade.
The Atlanta Fed's GDPNow model estimate for Q4 GDP growth ticked down to 2.2% from 2.0% on Nov 15. https://t.co/y501Adcdw6
🔸US ATLANTA FED GDPNOW (Q4) ACTUAL: 2.0% VS 2.2% PREVIOUS
The Atlanta Fed's GDPNow model estimate for Q4 GDP growth ticked down to 2.2% from 2.0%. https://t.co/XWtgB6c5mz
The Atlanta Fed's GDPNow model estimate for Q4 GDP growth ticked up to 2.2% from 2.1% over the past week. https://t.co/e5cxlmnXlo
GDP growth accelerated to 5.5% y/y in 3Q from 4.9% in in 2Q, according to the Federal Statistics Service. That's fastest pace of growth in more than a decade aside from a spike when #Russia exited Covid lockdowns. https://t.co/cCEHQizThv
🔴 ATLANTA FED GDP NOW ESTIMATE 2.2% VS 2.1% SEEN PREVIOUSLY. https://t.co/F1HFEPuJyq