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The GDPNowmodel forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2016 is 2.8 percent on January 13, down from 2.9 percent on January 10. The forecast of fourth-quarter real personal consumption expenditures growth ticked down from 2.6 percent to 2.5 percent after this morning's retail sales report from the U.S. Census Bureau.–Pat Higgins, Economist, The Federal Reserve Bank of Atlanta
Virginia Cooperative Extension materials are available for public use, reprint, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.
Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Administrator, 1890 Extension Program, Virginia State University, Petersburg.
February 28, 2017