Atlanta Fed Q4 GDPNow +1.2% vs +2.3% previously ...Middle East

The Atlanta Fed GDPNow tracker got plenty of attention ahead of last week's GDP report because it was persistently on the high side and that proved to be right.Now, it's downshifting significantly and sees 1.2% growth in Q4.After this morning’s construction spending release from the US Census Bureau and the Manufacturing ISM Report On Business from the Institute for Supply Management, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth decreased from 3.0 percent and -2.2 percent, respectively, to 1.5 percent and -2.8 percent, while the nowcast of the contribution of the change in real net exports

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Atlanta Fed Q4 GDPNow +1.2% vs +2.3% previously ...Middle East

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