September 13, 2019 / 5:33 PM / 3 months ago

Atlanta Fed model estimate for U.S. third-quarter GDP dips to 1.8%

NEW YORK (Reuters) - The U.S. economy is likely growing at a 1.8% annualized rate in the third quarter, based on the latest data on consumer and government spending and net exports, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.

That compared to a 1.9% pace estimated by the Atlanta Fed’s GDP program on Wednesday.

Reporting by Richard Leong, Editing by Rosalba O'Brien

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