Atlanta Fed's GDPNow estimate predicts 2.1% growth in Q4 2023

<figure data-media-><img src="https://images.forexlive.com/images/Atlanta%20fed_id_1da7e105-c11e-45c9-bab9-e07ff041d758_original.jpg" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/Atlanta%20fed_id_1da7e105-c11e-45c9-bab9-e07ff041d758_original.jpg" /><figcaption><div>Atlanta for GDPNow estimate for 4Q growth</div></figcaption></figure><p><br></p><p>The Atlanta Fed Q4&nbsp;estimate for GDP&nbsp;comes in at 2.1%, up from 2.0% on November 17. The index has fluctuated between 1.2% and 2.3%. </p><p>In their own words:</p><blockquote>The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is&nbsp;<strong>2.1 percent</strong>&nbsp;on November 22, up from 2.0 percent on November 17. After recent releases from the US Census Bureau and the National Association of Realtors, the nowcast of fourth-quarter real gross private domestic investment growth increased from -1.8 percent to -1.1 percent.</blockquote><p><span>The next GDP now update is Thursday, November 30</span><br></p>

This article was written by Greg Michalowski at www.forexlive.com.