New York Fed Nowcast Report Shows Drop in Q2 Growth Estimate
Friday, 5 July 2024, 16:02
New York Fed Nowcast Report
The New York Fed released its latest Nowcast report, revising the Q2 GDP growth estimate to 1.8%, marking a decline from the previous week. This adjustment reflects ongoing economic challenges.
Economic Outlook
The downward revision signifies a weakening trend in the current economic conditions, raising concerns about the trajectory of growth in the near term.
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