“Strong” GDP growth won’t be sustained

While the Fed hailed activity growth as “strong” at its policy meeting this week, we doubt GDP growth will maintain a 4% plus annualised pace in the third quarter. It’s early days, but data released this week support our view that growth will slow to a more moderate 2.5-3.0% annualised in the third quarter, well below the Atlanta Fed GDPNow estimate of 5%.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.