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Title : GDP Forecast For 4Q17 Unchanged: 3.3% -- December 19, 2017
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GDP Forecast For 4Q17 Unchanged: 3.3% -- December 19, 2017

GDP Now: Latest forecast: 3.3 percent — December 19, 2017

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.3 percent on December 19, unchanged from December 14.

The forecast of fourth-quarter real GDP growth fell to 3.1 percent after Friday's industrial production and capacity utilization release from the Federal Reserve Board of Governors but rebounded back to 3.3 percent after this morning's new residential construction release from the U.S Census Bureau.

The forecast of fourth-quarter real residential investment growth increased from 4.8 percent to 8.2 percent after the construction release.

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