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Title : 1Q18 GDP Now Forecast To Be 4.0% -- February 12, 2019
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1Q18 GDP Now Forecast To Be 4.0% -- February 12, 2019

Latest forecast: 4.0 percent — February 9, 2018. Link here.

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 4.0 percent on February 9, unchanged from February 6.

The nowcast of the contribution of inventory investment to first-quarter real GDP growth inched down from 1.25 percentage points to 1.24 percentage points after this morning's wholesale trade release by the U.S. Census Bureau.

It may be unchanged from February 6, but it has come down a long way since the February 1, 2018, forecast, when it was a staggering 5.4%.

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