ABA Data Bank: EAC Expects Real GDP to Contract by 5.7% in 2020
However, economists expressed a wide range of views, with little clustering, reflecting the great degree of economic uncertainty of the times.
However, economists expressed a wide range of views, with little clustering, reflecting the great degree of economic uncertainty of the times.
Real GDP contracted at a seasonally adjusted annual rate of 4.8% during the first quarter…
Economists’ forecasts are based on the public health models projecting that the U.S. COVID-19 pandemic peaks in May.
Real GDP grew at a seasonally adjusted annual rate of 2.1% during the fourth quarter…
The nation’s top bank economists forecast continued economic growth that would support job growth and wage gains in 2020 and beyond.
Real GDP grew at a seasonally adjusted annual rate of 3.2 percent during the first…
Real GDP grew at a seasonally adjusted annual rate of 2.6 percent during the Fourth quarter of 2018, according to the Bureau of Economic Analysis’s “initial” estimate, down from 3.4 percent in the third quarter. The increase in real GDP in the fourth quarter reflected positive contributions from personal consumption expenditures (PCE), nonresidential fixed investment,
The Federal Reserve on Friday issued its semiannual monetary policy report, just ahead of Fed Chairman Jerome Powell’s testimony before the Senate Banking Committee next week.