Tuesday, September 20, 2016

Third Quarter GDP Forecast Falling

The economy grew 1% in the first half of the year. In order to hit the 2% growth that is considered good these days, will require 3% growth in the second half of the year. Forecasts were calling for near 4% growth earlier this year, but now it's down below 3%.

This forecast below is from the Atlanta Federal Reserve. It has been a very accurate model since launch. Their final estimate before the government reports its advance estimate (in this case October 28) is usually only off by 0.1 percent. The current trend is bad news for Hillary.

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