Atlanta Fed: Forecast for GDP growth in Q2 of 2017 is at 2.5%

Eren Sengezer FXStreet

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 2.5 percent on July 19, up from 2.4 percent on July 14," announced the Federal Reserve Bank of Atlanta on Wednesday.

The forecast of second-quarter real residential investment growth increased from -1.6 percent to -0.6 percent after this morning's new residential construction report from the U.S. Census Bureau.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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