Fannie Mae Sees Economic Slowdown…Slowing

Posted To: MND NewsWire

This month marks the tenth anniversary of the current expansion. How much longer can it last? Fannie Mae’s July Economics Development report indicates it has a way to go, although likely at a slowing pace. The second quarter of 2019 has just ended, but Fannie Mae’s ESR Macroeconomic Forecast team expects that growth in real gross domestic product (GDP) probably slowed from the impressive 3.1 percent it posted in Q1. They upgraded last month’s Q2 estimate by one-tenth based on higher expenditures for personal consumption, but still expect growth slowed to an annualized rate of 1.8 percent. They have maintained their previous full-year forecast for 2019 GDP of 2.1 percent. This will slow further next year to an estimated 1.6 percent due to waning fiscal stimulus, continued uncertainty weighing…(read more)

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Fannie Mae Sees Economic Slowdown…Slowing
Fannie Mae Sees Economic Slowdown…Slowing

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