Atlanta Fed Lowers U.S. Third-Quarter GDP Forecast to 3.5 Percent, Reports Reuters

U.S. Economy Forecast

The U.S. economy is projected to grow at an annualized rate of 3.5 percent in the third quarter, according to the Atlanta Federal Reserve’s GDP Now forecast model. This estimate comes in light of disappointing retail sales data from July.

The latest GDP forecast for the third quarter has been revised down from an earlier estimate of 3.7 percent, as noted by the Atlanta Fed.