An Early Indication The Economy Is Stronger Than Expected
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Published Friday, April 5, 2019 at: 7:00 AM EDT

Just three weeks ago, the consensus of about 60 top economists was for a weak 1.3% growth in the first quarter of 2019, but the early indication of a good surprise has appeared. Throughout every quarter, the Federal Reserve Bank of Atlanta estimates GDP growth dynamically based on publicly available data until the release of the actual GDP figure three weeks after every quarter ends. The Atlanta Fed's GDPNow forecast is designed to grow more accurate in the closing days of every quarter and in the three weeks after every quarter, before the actual GDP figure is released by the...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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