Friday, 16 September 2016

Atlanta Fed downgrades U.S. third-quarter GDP view to 3.0 percent

In World Economy News 16/09/2016

The U.S. economy is on track to grow at a 3.0 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDP Now forecast model showed on Thursday following the latest data on retail sales and government spending.
The latest third-quarter GDP estimate was lower than the 3.3 percent figure calculated on Sept. 9, the Atlanta Fed said on its website.

Source: Reuters (Reporting by Richard Leong; Editing by Chizu Nomiyama)