Slower Growth Expected For The US Economy In Q4
Fourth-quarter economic output for the US looks set for another downshift, based on CapitalSpectator.com’s initial GDP nowcast. The estimate reflects the median for a set of nowcasts published by several sources.
Real (inflation-adjusted) growth is projected to increase 2.0% in Q4 for the annualized comparison, down from Q3’s 2.8% advance. The Q4 nowcast is a respectable pace, but if correct it will mark the second straight quarter of moderately softer output.