April 10, 2018 / 4:00 PM / 5 months ago

Atlanta Fed lowers U.S. first quarter GDP growth estimate to 2.0 percent

NEW YORK (Reuters) - The U.S. economy likely expanded at a 2.0 percent annualized rate in the first quarter in the wake of the March payrolls data released on Friday, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.

The latest estimate on gross domestic product was slowerthan the 2.3 percent growth pace calculated on April 5, theAtlanta Fed said.

Reporting by Richard Leong

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