The Atlanta Fed's GDPNow model estimate for Q1 2024 has been revised to 4.2%, up from the previous estimate of 3.0%. The model attributes the strength to consumption and business investment, with the change in inventories being the only negative component so far. The latest nowcast of real GDP growth in Q1 2024 is 4.2%, according to the Atlanta Fed's EconomyNow app and website.
Global #GDP growth is projected to ease to 2.9% in 2024 from 3.1% in 2023, before recovering to 3.0% in 2025 as financial conditions ease, according to the outlook released Monday by the Organization for Economic Cooperation and Development (OECD). https://t.co/BXGk7csS2o
🔴 OECD ELEVATES 2024 GLOBAL GROWTH FORECAST TO 2.9% (VS 2.7% IN NOVEMBER), AND SEES 3% IN 2025 (UNCHANGED).
🇺🇸 United States Atlanta Fed GDPNow (Q1) $USD Actual: 4.2% 🟢 Expected: 3.0% Previous: 3.0%
GDPNow model from @AtlantaFed (a nowcast, not a forecast) up to +4.2% (q/q ann.) for 1Q2024 … strength driven by consumption and business investment; change in inventories only negative component so far https://t.co/tAdjMfq3WQ
Whoa - 4.2% real GDP estimate for Q1 from Atlanta Fed!
The Atlanta Fed's GDPNow model estimate for Q1 GDP growth jumped to 4.2% from 3.0%. https://t.co/h1RWIzEe6T
On February 1, the #GDPNow model nowcast of real GDP growth in Q1 2024 is 4.2%. https://t.co/T7FoDdhwe0 #ATLFedResearch Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/NOSwMl8hc0 https://t.co/1INO7gkytj
Atlanta Fed Q1 GDP tracker latest 4.2%, up from 3.0% on Jan 26 https://t.co/onloGthQOg https://t.co/tSESNJni6n
The Atlanta Fed's 🇺🇸 Q1 GDPNow forecast is now at +4.2% up from +3% https://t.co/rBl8kiGdVa
US Atlanta Fed GDPNow Q1: 4.22% (prev 3.05%) https://t.co/xWeRUTFL3V https://t.co/KcNKh39ZdJ
The Atlanta Fed's 🇺🇸 Q1 GDPNow forecast is now at +4.2% down from +3% https://t.co/IyfqpYaQfS
US Atlanta Fed GDPNow Q4: 4.22% (prev 3.05%) https://t.co/xWeRUTGiTt https://t.co/ekVbS0HHVd